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Futures Close Report 10/06/21


  • End stocks for US 20/21 corn put at an 8 year low of 1.107bn bushels further reduced from May estimate for 1.257bn bushels – this was lower than analyst estimates, which in the face of current ethanol  and export demand is supportive.
  • For soybeans, USDA increased 20/21 endstocks to 135mn bushels still the lowest in seven years despite the 15m bushel increase from previous.


  • 81% of wheat rated good / excellent up 1 point from last week due to fine crop growth weather.