Futures Close Report 15th June
Logistical issues at ports in Brazil are supporting domestic premiums over CBOT as supply chain struggles to replenish following the truck strikes.
Markets showing caution as over US / China trade disputes. China has responded and will be imposing a 25% import tariff on 659 US goods worth $50 billion including soybeans. Spec funds have strongly sold US Corn and Soybean futures over the last 2 weeks.