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Futures Close Report 04/02/21

Comments by Brazil Ag minister put soybean crop estimate at 133m tonnes and 103m tonnes plus of corn.  Still very slow pace reported in soybean harvesting with less than 2% of area harvested.

BAGE Arg corn crop estimate at 46 million tonnes, down 1mt due to lower than expected yield. For soybeans, estimates put at 46 million tonnes, down 500k tonnes on previous due to dry conditions.