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Futures Close Report 20th March 2018

Rains in Arg helping to solidify production estimates in the 40 million tonne range – also US wheat crops assisted by improving rainfall outlook, which is well timed as crops come out of their winter dormancy.

The European Court of Justice, the EU’s highest court, ruled that the bloc must remove  anti-dumping duties of between 8.8 percent to 23.3 percent on imports of Indonesian biodiesel products. The EU court ruling reinforces a decision made by the World Trade Organisation (WTO) earlier this year, which said the EU needed to bring its measures into conformity with WTO agreements.