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.