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Futures Close Report 30th April

Chinese purchases of 300k tonnes US soybeans reported by USDA,  but worth noting there is still a massive gap between Phase 1 US / China trade deal commitments and actual purchases made by China.

BAGE reported Argentina soybean harvest at 68% complete – 49.5 million tonnes of soybeans forecasted to be harevested this year.  Much of the progress was made in more northerly areas that escaped substantial rains seen earlier this week.