Futures Close Report: 5th April 2017
- Soybean markets recovered some ground as rain is reported to be delaying Argentina harvest, however, the overall size of South American crops continue to cap gains. Political uncertainties at the moment may make some markets nervous, as US seems to be changing its current stance on Syria and tensions escalate.
- Turkish flour mills have covered their short-term needs by purchasing several hundred thousand tonnes of wheat from EU and Black Sea countries, replacing Russian supplies blocked by a change to import rules, Turkey has effectively halted purchases from Russia of wheat, maize (corn) and sunflower seeds by removing Russian items from a duty-free import scheme from March 15.
