Active spot soybean sales in the United States

Introduction: AOL, January 17 After a rally in soybean futures prompted U.S farmers to increase soybean sales, the delivery price of spot basis for us grain chain stores for truck delivery fell $4 / bushel on Wednesday, and a grain trader in the delta said: "today I bought a lot of grain, including soybeans and wheat, and the weak basis offset our profits from the futures market I guess selling in the futures market often makes people feel good " Many truckloads of soft red winter wheat fell 1-2 cents / bushel on Wednesday, bringing the price down nearly 10 cents this week Another businessman explained that wheat spot trading was good, but no new export contracts appeared Corn spot basis bid up 2 cents to drop 1 cent, traders reported delivery more complex "Today we don't have too many trucks," said a Kansas corn buyer A grain trader in Indiana said: "today, corn purchases are slowing down, possibly because many farmers in Indiana, Ohio and Michigan are leaving the market." Traders claim that in the middle of the winter, farms have more chores to deal with, leaving farmers out of the grain market The Chicago Mercantile Exchange futures market consolidated, but prices rose after news that a drought in South America could lead to lower production and contamination of European fish meal pushed March soybean futures to their highest level since late November "I heard that more than six feed processing plants in Europe use antibiotics in protein oil meal," said a grain trader in the Midwest It has been found that these products will all be banned from use, which may lead to the import of feed grains from the United States to replace local feed " There are also many feed processing plants in the United States that use fish meal as a source of protein supply CBOT closed 6 * 1 / 2 cents higher at $4.52 * 1 / 2 per bushel in March, with soybean meal futures closing at their highest level since early October Corn closed up 2 cents at 2.14 * 3 / 4 cents / bushel in March, while oats rose 1 / 4 cents to $1.90/bushel Chicago and Kansas winter wheat spot prices rose 1-1 * 1 / 2 cents, while Minneapolis spring wheat futures rose and fell The drought in Argentina and southern Brazil continued to support the U.S grain market, prompting the market to believe that soybean production in South America will decline and U.S export opportunities will increase The driest climate is in Rio Grande do Sul, which accounts for nearly a fifth of Brazil's soybean production "Soybean production in Rio Grande do Sul has increased to 250 million bushels per year, the fifth largest in all US States last year," said a corn belt soybean buyer I learned from an email sent to me by a farmer who had settled in South America 15 years ago that their crops had suffered irreparable losses and soybean production had declined by about 20% " Strong domestic demand continues to support soybean futures and basis On Wednesday, the national oilseed crusher Association reported that the soybean crush volume in December was 148.77 million bushels, nearly 10 million bushels higher than the same period last year.