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Futures Close Report 23/09/21

UK wheat prices continue to compete on export markets adding support to domestic price levels

IGC raised its forecast for 21/22 global corn crop by 7million tonnes to a record of 1.209bn tonnes. USA corn put at 380.3mt slightly lower than USDA (380.9mt).  Wheat production was seen up by 1 million tonnes at 781 million tonnes – downward revisions for EU / Canada being offset by increases in Australia and Ukraine.