Brazilian soybean base lag behind CBOT
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Last Update: 2002-07-16
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Source: Internet
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Author: User
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Introduction: data transmission network of the United States on July 15 news: Brazilian farmers must be paying close attention to the trend of CBOT soybeans Many people timely expect that Brazil's soybean planting area will increase significantly because of the rising soybean price But in Paranagua, Brazil's main port, the soybean base began to weaken, so Brazilian farmers didn't get all the benefits from the rebound According to domos, DTN's Brazilian correspondent, farmers had less than 10 million tons of old soybeans in their hands as of the last survey by mprado, and they were actively selling soybeans last week As far as the basis is concerned, gomos said that it has fluctuated frequently since March 15 In mid March, Paranagua's soybean base was 5 cents per bushel, but by early June, it was 40 cents per bushel, then 8 cents per bushel, and last week it was 20 cents per bushel Gomos said he believes exporters will take advantage of the stronger trend of the current period price to make more profits (author:) share to feed Weibo share to:
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