Futures Close Report: 8th June 2017

Dry conditions in the US continue to cause markets some concern, US Wheat prices having made their biggest weekly gain for some 8 months.

French wheat crop condition reported unchanged on the week at 75% good / excellent.  Maize ratings gained 1 point to 87% good / excellent.

CONAB increased their forecast for Brazil Soybean crop 113.92 million tonnes up from 113.01million tonnes forecast in May.  Brasil Corn crop was increased to 93.83 million tonnes up 1mt from the May forecast.

Markets will be absorbing the impact of UK General election and the fall in value of sterling will have an immediate impact on domestic prices.

USDA monthly S&D Report will be published Friday 5pm UK time