CRM AgriCommodities Market Review – 11th February 2019
Despite the importance of Friday’s USDA report after missing a plethora of data since the US government shutdown, the market remained subdued with little changes made to the wheat S&D. The recent soybean ‘bullish stories’ emerging from South America due to drought in Brazil and excessive moisture in Argentina will unlikely wipe out the weigh of burdensome US stocks due to the lack of Chinese demand.