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Futures Close Report 02/02/21

Argentina logistics on the radar as a truck drivers strike which started in Buenos Aires province looks set to widen, potentially restricting port bound logistics at the main export hub of Rosario.

In spite of Russia’s export tax, Egypt has purchased 120,000 tonnes of Russian wheat for shipment in last half March ’21, in addition to purchases from France, Ukraine and Romania totaling 480,000 tonnes.