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Futures Close Report 2nd June 2020

Ukraine – ProAgro crop consultant increased their forecast for wheat harvest to 26.65 million tonneus up from previous 25.36 million tonnes – timely rains having increased yield expectations.

Improving rain outlook for the UK over the coming week is welcome and very much required across all crops.  Midlands getting rain now but cereals production areas in Eastern England remains too dry with only scattered showers at present.