International Soybean Market Newsletter

Introduction: 1 On Wednesday, CBOT related agricultural products futures and palm oil futures closed: soybean may contract (2005) closed at 673'4 cents, up and down: - 7'4 cents / bushel soybean oil may contract (2005) closed at 24.15 cents, up and down: - 0.08 cents / pound soybean meal may contract (2005) closed at 197.9 US dollars, Gains and losses: - US $4.3 / short ton wheat may contract (2005) close: 361'0 cents, gains and losses: - 7'0 cents / bushel corn may contract (2005) close: 225'4 cents, gains and losses: - 3'0 cents / bushel palm oil may contract (2005) close: 1466 ringgit, Up and down: - 8 "ringgit / ton 2 According to the data of oil world, the export of global soybeans grew rapidly in the first two months of this year According to the report of the magazine, the export of G4 soybeans from January to February reached 1.9 million tons, exceeding the level of the same period last year 3 The Cyprus Grain Association said on Tuesday that Cyprus has issued a tender to purchase 3000 tons of soybean meal from March to April The bidding deadline is 1230, March 23, Greenwich mean time The tenderee must quote in Euro The grain Association said in a statement that the shipment is scheduled for March 24 April 11 4 On Monday, the U.S agriculture counsellor released a report that China imported 21 million tons of soybeans between October 2004 and September 2005, which is also lower than the current U.S Department of agriculture forecast of 22.5 million tons As China has imported 9.63 million tons of soybeans in the first five months of this year, according to the forecast data of American agricultural counselor, the average monthly soybean import volume of China will be 1.62 million tons in the rest of this year, lower than the average monthly import volume of 1.93 million tons so far this year This forecast is obviously a little low 5 According to a report released by the Brazilian Bureau of statistics and investigation, the Brazilian soybean industry has wasted 3.45 million tons of soybean produced in 2003 / 04 in the process of soybean transportation The reason for this loss is that Brazil's roads are in poor condition, trucks are not properly loaded, warehouses are not up to standard, and soybeans are damaged by pests and diseases Soybean losses accounted for 7% of the total soybean output of 51.48 million tons in the previous year On Monday, Paraguay's agriculture minister said that the country's soybean production this year is expected to be only 3.5 million tons, far lower than the previous forecast of 5.5 million tons By contrast, USDA's current forecast is 4.5 million tons Paraguay is the fourth largest soybean exporter in the world Due to the dry weather, the soybean production has decreased sharply this year 7 The following is the U.S No.1 soybean export quotation (unit: US cents / bushel) delivered within 30 days at the U.S port on March 16: Port quotation and yesterday's change Louisiana bay port 702.50-703.50 fell 10.50-11.50 Toledo port in the Great Lakes region 649.50-652.50 fell 8.50-7.50 Chicago port in the Great Lakes region 658.50-669.50 7.50 down 7.50 port Norfolk, on the Atlantic coast, 679.00 down 12.008 Pt perkebunan Nusantara, Indonesia, sold 3000 tons of crude palm oil (CPO) at the government's twice-a-week auction on Tuesday, according to an official at the agency selling palm oil from domestic plantations PT Astra Agro LESTARI (aali JK) in Indonesia said it sold 2500 tons of crude palm oil (CPO) at auction on Tuesday 9 Argentina's spot soybean prices fell on Wednesday, and the Chicago Board of trade (CBOT) was weak In Rosario, the main soybean export port, soybean prices fell by 5.5 pesos to 525 pesos per ton (US $179.5), hitting an eight month high of 530 / 535 on Tuesday Trading volume fell slightly from 40000 tons to 30000 tons In the southern port of Blanca, Soybean prices fell 3 pesos to 545 pesos per ton.