US Crops – 75% US corn reported good / excellent up 1 point on last week. US soybeans seen at 72% good / excellent up 2 points on last week 51% of winter wheat was rated as good excellent unchanged on previous week.
Coceral lowered their combined EU / UK Wheat production estimate to 129.7 million tonnes down from previous months forecast of 135.4 million tonnes. Yield reduction in France / Germany due to dry conditions were the biggest contributors to the changes. However, Mazie yields were raised to 66.8 million tonnes from previous 65.5 million tonnes.