Brazil's soybean discount increased and prices fell
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Last Update: 2002-03-02
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Source: Internet
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Author: User
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Introduction: odj Sao Paulo, Feb 28 news: this week, Brazil's soybean export discount increased, because the international soybean market price fell, the local harvest was promoted, and local buyers left the field to wait and see The soybean trade increased a little in the previous week, but this week the port soybean trade was quiet, the domestic market was also very calm, and most of the harvest in China is still in the early stage On Friday, Brazil's safras estimated that 8% of Brazil's soybeans were harvested, compared with 6% a year earlier But due to dry weather this week, soybeans could be harvested by the end of the week by 15% The port of Paranagua in Paranagua, southwest of Pakistan, has a tight soybean supply On Wednesday, Paranagua port's April soybean export offer was a 10-15 per bushel discount on CBOT's may soybean price, compared with a 7-11 per bushel discount a week ago The price of soybean meal exported in April is 12 to 13 points per short ton discount on CBOT's may soybean meal price, which is higher than 9 to 11 points a week ago The price of soybean oil exported in April is 150-170 points per pound discount on CBOT's may soybean oil price, slightly tighter than last week's 160-180 points Trading was particularly slow on Wednesday as real strengthened against the dollar (author:) share to feed Weibo share to:
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