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Futures Close Report 26th March

International Grains Council (IGC) forecast record production for 20/21 total grains seen at 2.22 billion tonnes up 2% year on year. 2020/21 world wheat production at 768 million tonnes, up from the prior season’s 763 million and above consumption which was seen at 760 million.  Global soybean production was projected to 366 million tonnes from the prior season’s 341 million tonnes