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Futures Close Report 9th January 2020

Views on US / China trade deal continue and looks less likely that US exports of soybeans are going to hit expected levels even with signing of phase one of the trade deal next week.  Chinese buyers appear to be focusing on South American origins and shipping program for the 1st quarter of 2020 is reportedly full already.   With SOAM harvest coming on stream Feb / March the window of opportunity seems to be closing.

USDA report out Friday.