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Futures Close Report 30th October

USDA Crop progress

  • US corn 63 % harvested up from 49% last week in line with 5 year average;
  • US soybeans 72% harvested up from 53% last week slightly behind the 81% 5 year average;
  • US winter wheat is 78% planted up from 72% last week but behind the 85% 5 year average.


China is likely to buy a wider range of processed vegetable oils and animal feed meals on global markets in the coming weeks as the U.S./China trade war continues to reduce supplies of soybeans for China’s oilseeds processing industry according to comments made by Oil World –(Hamburg based industry analysts).