Futures Close Report 06/05/21

France – crop rating for wheat reported at 79% good / excellent, dropping for the 4^th week in a row.  Cold, dry conditions during April not having helped.  But rains reported and temperatures should start to improve and aid crop development.

Arg soybean harvest now put at 53% of planted area by BAGE up 20 points week on week, as dry conditions aid the progress of the delayed harvest.