Futures Close Report: 7th November 2017

Brazil ABIOVE the veg oils association issued forecast for 108.8 million tonnes soybean production in 17/18 up from last months forecast of 108.5 million tonnes – ABIOVE left export forecast unchanged at 65 million tonnes.

UK domestic wheat markets remain uninspiring with little fresh business being reported.  Farm origination continues to be slow as farmers see no price incentive to release further supplies at this time.