[Futures Hot Topics Tracking] The IGC monthly report shows that global grain production has been revised downwards for two consecutive months, with the EU experiencing two consecutive months of declines due to high temperatures, and supply-side pressures continuing to rise. Meanwhile, the escalating conflict between Russia and Ukraine has led to a halt in deep-sea exports, with wheat exports alone suffering losses of up to 4 million tons, and the subsequent impact is still difficult to estimate.
