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Futures Close Report 16/3/20

Market volatility continues due to virus concerns impacting global trade, currency and equities.

Confusion over Argentina 2 week border closure is causing soybean export delays.  Health authorities in the country are strictly applying the border closure despite it not applying to cargo.

US pipeline of soybean exports for China has now dwindled to one remaining cargo left to export – its possible that if no further sales are made export positions could dry up for the first time since 2006.