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Futures Close Report 13th August

UkrAgroConsult raised on Tuesday its Ukraine’s 2018 maize harvest forecast to a record 28.5 million tonnes from the previous estimate of 27.3 million tonnes. It also increased Ukrainian 2018/19 maize export forecast to 22.5 million tonnes from 21.0 million tonnes a month ago. If good weather conditions continue they have not ruled out a further increase in this figure.


USDA Crop Condition

    • US corn 70% good / excellent down from 71% last week;
    • US soybeans 66% good / excellent down from 67% last week;
    • US spring wheat 75% good / excellent up from 74% last week;.
    • US winter wheat harvest all but complete at 94%  and Spring wheat 35 % harvested so far.