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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.