Futures Close Report Friday, 16th October 2020
AHDB – estimate for UK wheat plantings seen at 1.8 million hectares (1.415m last year). EU plantings progressing well, despite some dry conditions reported in parts of Germany. Elsewhere, concerns for wheat planting in Black Sea / Argentina / US Plains as dry conditions continue.
Brazil announced suspension of import tariffs for corn and soy, to help restrict domestic food price inflation.