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Futures Close Report 29/01/21

Import forecast for EU oilseed rape during current 20/21 increased by 800k tonnes to 6.7 million tonnes by Strategy Grains in their latest report. Stocks are tight across the EU following low harvest yields, yet crush margins continue to be favourable.

US corn at fresh 7 year highs on continued Chinese demand; China booked its largest purchase of US corn yet on Friday 2.108 million tonnes for 20/21 delivery.