Market Report 2nd November 2018
Markets close the week largely lower with politics and currency the key
drivers with fundamental news thin. A social media post from the US President implied tensions may be beginning to ease
with China. Trump suggested trade discussions are ‘moving along nicely’. Soybeans and
corn led higher as a result. Informa lower US corn yield to 179.7b/a from 182.1b/a in October. FcStone suggest
181.4b/a in their latest estimate (USDA 180.7b/a). Informa cut Australian wheat prod