Futures Close Report 10/11/21

Russia – changes to grain export taxation formula for Feb 22  to June 22 back on the agenda following comments by their Agriculture Minister = supportive of US prices.

Growers group AGPM forecast French maize yield for the harvest currently underway forecast at 11tonnes per hectare = putting the total crop at circa 15.5 million tonnes circa 1mt higher than France Min of Ag which itself was a 7 year high.