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Futures Close Report 5th September

Latest tender by Egypt has been fulfilled with 60k tonnes of Russian Wheat – showing this is still the cheapest global origin for importers.

Comments by President Trump stated that the US is not yet ready to come to an agreement with China over the ongoing trade dispute but talks would continue. Trump is considering imposing tariffs on another $200 billion in Chinese imports.

An outbreak of African Swine Fever is reported in China – the disease has travelled quickly across 10 locations so far – with systemic lack of bio security measures and higher stocking densities a sustained uncontrolled outbreak could impact the Soya consumption in China – worth monitoring.