Futures Close Report 18th May 2020
China / Australia trade spat escalates with China hitting Aussie barley exports with an 80.5% anti dumping tariff.
US corn – planting 80% complete slightly behind analyst expectations, but well ahead of average. Soybean planting up at 53% complete, so good progress on both key crops. Wheat was reported at 52% good / excellent slightly down on last weeks 53%.