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Futures Close Report 10th October

Domestic US corn lower, but not as much as market expectation following good weather conditions. USDA put 19/20 US corn crop at 13.779 billion bushels (av yield of 168.4 BpA).  Soybean production was seen at 3.55 billion bushels (av yield of 46.9 BpA).

French maize harvest seen as 14% complete – well behind normal pace, wheat plantings 4% done.

BAGE put Argentina wheat harvest estimate at 19.8 million tonnes – down from previous 21 million tonnes owing to the impact of poor weather on forecast yield.