Futures Close Report 29/04/21
IGC Forecast
- Global maize production forecast for 21/22 reduced by 1mt to 1.192 bn tonnes due to reduction in prospects for the USA (US forecast 379.5mt down from 384mt but still above Last years 360.3mt).
- Global wheat production forecast for 21/22 seen at 790m tonnes which is unchanged on previous estimate.
BAGE
- Argentina soybean harvest progress put at circa 33% of planted area, with dry conditions now helping farmers to make progress.