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Futures Close Report 19th July

Improvements to the forecast for US weather look set to assist corn production, as cooler conditions develop across the US Midwest, lessening concerns over yield loss. US funds currently hold bullish positions on US corn futures.

UK domestic weather looks set for improvement over this week, which should allow advancement of harvest. Wheat crops particularly in the south are maturing quickly, Barley harvest already advancing, and OSR just beginning to get going.