Futures Close Report 25/03/21

International Grains Council Forecast

• Increased global grain production to record 2.287 billion tonnes for 21/22 season.
• Global wheat put at 790 million tonnes up from prior season 774 million tonnes.
• Global maize production forecast at 1.193 billion tonnes up from 1.139 billion tonnes in 20/21.
• Global soybean production 383 million tonnes up from 361 million tonnes.