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Futures Close Report 25th July

Argentina – corn crop reported 68.6% harvested with an average yield of 8.68 tonnes per hectare. Harvest forecast by Buenos Aires Grains Exchange was seen unchanged at 48 million tonnes.

US wheat quality council crop tour forecast US spring wheat yield at 43.1 bushels per acre – this compares against the 41.1 BPA average forecast last year, but is below the current 5 year average of 44.7 BPA.