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Futures Close Report 30/07/21

EU Commission increased forecast wheat production in its 27 member countries in 2021/22 to 127.7 million tonnes from 125.8 million estimated last month.  For OSR production put at 16.9 million tonnes slightly up on last months estimate for 16.7 million tonnes.

IKAR lowered its wheat production forecast for 2021 Russian harvest to 78.5 million tonnes from 81.5 million tonnes.