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Futures Close Report 7th December 2018

China imported 5.38 million tonnes of soybeans in November, this down 32% year on year, and in fact the lowest monthly number in two years, The November total is also down 22% percent from the 6.92 million tonnes imported in October 18 demonstrating the impact of both punitive tariffs and formulation switching.

Domestic UK markets remain quiet and relatively illiquid for Wheat,    low levels of engagement on firm continue to be reported by trade buyers as farmers under no pressure to make further sales on this side of the New Year.