Futures Close Report: 3rd November 2017

Argentina – Soybean harvest forecast at 53 million tonnes by Ag Ministry for 2017/18 season, although markets will be seeking to compare this figure against USDA views later this week.

Brazil is expected to win a larger share of China’s soybean imports in coming months, hitting U.S. exporters during the peak marketing season, China is expected to buy about 5 million tonnes of soybeans from Brazil for the fourth quarter of 2017 double that seen last year.