Futures Close Report: 20th April 2017

Port workers in Argentina threatening strikes over pay which may hinder exports of Soybean / Corn products from Rosario the country’s main port for grains.  Argentina sees inflation of about 40%, wage strikes are fairly common.

Brazilian industry group, Abiove, raised its forecast of the country’s 2016-17 soybean harvest to 110.7 million tonnes, up from 107.3 million in March.  Abiove also raised Brazil’s soybean export forecast to 60.3 million tonnes, a slight 0.8 percent increase from the previews estimate.