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Futures Close Report 30th  January 2018

US wheat futures markets continue to firm on dry US conditions, 6 days of consecutive gains on CBOT mark the longest rally since July last year.

For soybeans rainfall in Brazil as harvest commence creating bullish sentiment – harvest logistics can be severely compromised by poor weather as roads out of key production areas can become bottlenecks.

Argentina’s corn crop will suffer yield losses due to drought this year and the estimated planting area may drop further because dry weather in the northern part of the country has blocked late-season planting according to comments made by Ag ministry.