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Futures Close Report 5th December 2018

Soybean markets lower in the US as there remains a distinct lack of Chinese purchasing despite a Trump tweet which promised “sizeable” purchases, the 90 day hiatus in further tariff increases by the US is providing some breathing space for a trade deal to be brokered.  But prospective purchasers of US supplies clearly are waiting for firmer news with regard to the easing of import tariffs before making any moves.