Futures Close Report 12/10/21
China – latest trade figures released show soybean imports for September down 30% on the previous month and at its lowest level for the month since 2014 – poor domestic crush margins helping to restrict demand.
USDA – Global wheat end stocks seen at the lowest in 5 years due to poor yields on North America / Canada. Yields for Both US Corn and Soybeans currently being harvested were seen above trade expectations adding pressure to markets.