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Futures Close Report 14/07/21

US weather conditions supportive of CBOT corn / soybeans as heat and dry conditions focus concerns on US production – July critical month for establishment of corn yields, whilst August is more critical for the soybean crop.

Low water levels on Argentina Parana river limiting soybean exports with vessels unable to load full cargos at the country’s main export port of Rosario – subject to vessel size shipments are between 9k and 11k tonnes light per vessel.