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Futures Close Report 16th May 19

Forecaster Strategie grains cut production forecast for EU Soft Wheat to 143.9 million tonnes from last months 144.8 million tonnes.   Maize forecast was reduced slightly to 62.9 million tonnes from 63.1 million tonnes previously.   – Low soil moisture being the main reason for yield reductions, but recent rains across most crop production areas are keeping things progressing.