Futures Close Report: 1st December 2017

Strategie Grains forecast EU Rapeseed Crop for 17/18 at 22.6 million tonnes up from this seasons 21.7 million if realised.  Crop area remained broadly the same so production increase is based on projected yield improvement.

Parts of Argentina’s soybean and corn belt received some beneficial rains last week, but dry weather remains a concern across several provinces.

Brazil’s corn production will drop by almost 17% in the 2017/18 crop cycle, according to consultancy Safras & Mercado, reflecting a reduction in estimated planted area and lower prices for the grain.  Corn output will total 90.52 million tonnes, compared with a Safras estimate of 108.87 million tonnes for production in the 2016/17 crop season.