Futures Close Report: 8th November 2017

Egypt purchased 120k tonnes of Russian origin wheat in its latest tender as FSU remains the most competitive exporter on global markets.

China imported 5.86 million tonnes of soybeans in October, down 28% from the previous month and well below market expectations, according to the latest customs data.  Worth noting that some of this fall was due to delayed shipments.

Markets all focused on Thursday monthly update to USDA World Ag supply and demand reports.