Market Report 9th August 2019
Range bound trade this week as all eyes turn towards USDA. · US/China tensions continue. Mounting fears amongst economists that the conflict will lead to a Global recession if a resolution cannot be found. Since the dispute began, US exports to China have fallen by $33 billion (21%), whilst Chinese exports to US have grown by $4 billion (1%). Poor relations here will remain a negative for Ag markets. · Egypt's GASC buys 300tmt wheat (Romanian/Ukrainian/Russ