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Futures Close Report 30th Jan 2019

Argentina and the European Union (EU) reached an agreement to end a dispute over exports of bio-diesel from the South American country. The deal establishes price and volume limits to be announced next month.

Dry, and hot conditions being reported on west coast of Australia, forecast to continue over the next three months which will not be favourable for Australia’s wheat crop. Western Australia is the country’s largest wheat growing region, producing up to half of the total harvest, and farmers will begin planting this years crops in early April.