Futures Close Report 3rd March 2020

Arg export taxes for soybean, soybean oil and soybean meal moved as expected from 30% to 33%

FC Stone increased forecast for Brazil soybean crop to 124.2 million tonnes  – up 200k tonne on previous estimate.  This includes a 1 million tonne increase for the largest production area, Matto Grosso, to 34.5 million tonnes (+2 million tonnes on last years level).