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Futures Close Report: 30th November 2017

European Commission increased its monthly estimate of 2017/18 usable production of common wheat in the European Union by 1 million tonnes to 142.5 million tonnes,  this season’s maize (corn) production was raised to 62.2 million tonnes from 58.5 million previously. OSR forecast was lowered to 21.7 million tonnes from 22.3 million tonnes previously.

FranceAgrimer reported wheat plantings at a virtually complete 99% by 27th November 2017.  For soft wheat crops that have already emerged, 96% were rated as being in good or excellent condition.