|European markets continued to climb today, with November rapeseed pushing higher. A fall in the value of the pound relative to the euro also drove UK feed wheat higher, as energy markets woes produce a potentially negative outlook for the UK.
US corn development continues to be ahead of average, with 74% of the US corn crop has reached maturity, in line with last year and 10 percentage points ahead of average. The corn harvest is also progressing well, reaching 18% complete and marginally ahead of average.
Soybean development is also ahead of average, with 75% dropping leaves, well ahead of the 66% long-term average and 16% of US soy has now been harvested.
Read the full report here