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Futures Close Report 27th March 2019

US soybeans at 3 month low – ongoing US / China trade talks yet to realise any outcome.

More data on the impact of Swine Flu outbreak in China estimates that Shandong province has lost 41% of its breeding herd, if the disease outbreak continues to grow it could see significant knock on impact to global soybean trade flows as the Chinese demand which has driven markets for the last 10 years ebbs away.  China’s agriculture ministry said earlier this month that the national pig herd in February had fallen 16.6% year-on-year, and sow stocks were down more than 19%.