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Futures Close Report 6th November 18

Markets switching focus towards this weeks USDA S&D report due on Thursday for clarification on US stocks particularly with regard to the tariff hit Soybean position, and ongoing fall out from the trade dispute with China.

Brazil’s soy industry group Abiove raised its projection for soybean exports this year to 79 million tonnes up from 77 million tonnes seen in October.   The group also revised upwards to 120.5 million tonnes its estimate for the Brazilian 2017/18 crop, from 119.5 million tonnes seen prior.