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Northern hemisphere corn and wheat markets see better weather prospects Both corn and wheat markets were pulling back as rain and more favorable forecasts emerged for wheat in the US, Canada, and across the EU. However, corn remains a concern in Brazil, where very little precipitation has landed or is forecast across large parts of the Safrinha corn area, report UK based commodity market specialists, Statistics Canada released their March planting estimates. “ Overall, there is a trend towards oilseeds and away from grains. The total wheat area is estimated to be down 6.9% year on year,” noted the analysts. Meanwhile, Black Sea confidence remains strong, with estimates for Ukraine wheat production in 2021/22 at 27.7MT up from 25.3MT in 2020/21, according to the Ukrainian Grain Association. ....