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.