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Futures Close Report 27/07/21

Continuing hot, dry conditions across the US adding support to corn / soybean markets.   Soybean crop ratings declined to points on last week to 58% good / excellent,  whilst corn was down 1 point to 64% good / excellent.

Sovecon reduced its forecast for Russia’s wheat exports by 1.3 million tonnes to 37.1 million tonnes in the current 2021/22 marketing year.