Markets edge lower as Global harvest pressure weighs. Sovecon reduce Russian wheat crop to 73.7mmt, down 2.9mmt on their previous forecast. Russian exports estimate for next season reduced by 6.2mmt to 31.4mmt (July USDA 34.5mmt). Soufflet estimate French wheat crop at 38-39mmt, whilst French Gov estimates 37mmt - Strategie Grains suggest 38.2mmt. US funds estimated net long 144k (corn), short -43k (soybeans) and -15k ch+ks wheat). US weekly export sales (old +new crop): 508k

Markets sharply lower on the week as US/EU forecasts moderate. US weekly export sales. Corn (332tmt), Wheat (276tmt), Soybeans (867tmt). Corn sales well below needed levels to reach USDA estimates. US funds estimated net long 178k (corn), 12k (wheat), short -37k (soybeans). IKAR suggests Russian wheat quality very good, though yields have been variable. Proteins in particular are unusually high. Sovecon reduce Russian wheat crop estimate by 5.6mmt to 76.6mmt. Still 7/8mmt lar