Futures Close Report 11th November

Abiove the Brazil soybean trade association has opposed any lifting of the Soy moratoriaum on cultivation within newly deforested areas of the Amazon biome.   Some farmers in Brazil are seeking to lift the ban, claiming support from the countrys President Jair Bolsonaro.

French forecast for soft wheat 2019 harvest lowered to 39.5 million tonnes, down from 39.7 million tonnes last month.  Maize seen at a slightly higher 12.6 million tonnes  100k up on last month.