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Futures Close Report 11th April 2018

Ukraine spring planting program reported as 23% complete –  planned area totals some 7.4 million hectares of spring planting the majority of which is Maize. This is up 100k Ha from last year.

US making export sales of soybeans to Argentina over the last couple of days which is relatively unusual – Crushers in Arg are likely to make more purchases to counteract the reduced availability of domestic beans following the recent drought.

Egypt aims to import 6 million tonnes of wheat in the 2018/19 fiscal year that begins in July according to their supply minister.  Current year estimates are running at circa 7 million tonnes.