Released earlier this week, the EU Mars September crop report reduced yield forecasts for summer crops.

Although all summer crop yield estimates remain above the five year average, spring barley, maize, sunflower and soybean yields were all trimmed from the August estimate. 

Improved soil moisture conditions are providing better confidence for Brazilian first corn, following recent drought decimated second Brazilian corn crop. 

The overall reduction in global wheat crop supply has seen the price of wheat and barley firm with the price gap between the two materials narrowing. Poor crop conditions in Canada have also weighed on the market. 

After a recent ease in the market, soya prices have firmed again as we see the volatile market continue. 

Distillers prices remain high as supply issues continue.