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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.



  • Argentina soybean harvest progress put at circa 33% of planted area, with dry conditions now helping farmers to make progress.