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Futures Close Report 28th June

Argentina harvest average yields for the soon to be concluded 2017/18.  Soybean harvest were expected at 2.14 tonnes per hectare while the harvesting area was seen at 16.8 million hectares. Beanos Aires grains exchange left their forecast for 36 million tonne crop unchanged. At 36 million tonnes, the national crop will be 37.4% smaller than the previous year following the impact of the drought.

USDA June acreage report due to be published Friday along with quarterly stocks report.  – reports will be out at 3pm UK time.