Futures Close Report Thursday 24th May 2018

Agroconsult forecast Brazil Safrhina (Second) corn crop at 57 million tonnes – 3 million tonnes down on their previous estimates owing to the impact of drought.   Brazil is expected to export 28 million tonnes of their corn crop into the global market.

US plains still forecast as dry which continues to cause market concern for US wheat – Canada / Auss and Russia also seen as dry.   Supportive to global wheat values.