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Futures Close Report 18th December 2017

Rainfall in Arg continues to ease concerns for Soybean crop with further rain forecast this week.

Brazilian farmers are expected to produce 114.57 million tonnes of soybeans in the 2017/18 crop cycle according to latest figures from consultants Safras & Mercado. This is slightly lower than Octobers 114.7 million tonne estimate.

EU crop monitor MARS has reported concerns over mild weather in EU as potentially wheat crops may not be fully winter hardened and thus potentially more susceptible to damage during a cold snap.