Brazil's soybean export active market focuses on China's demand

Introduction: Sao Paulo, Brazil, April 19 news: as of the week ending last Friday, Brazil's soybean export sales changed the previous downturn pattern, becoming the most active week of the year Due to the unrest in Argentina and the stagnation of soybean shipment, the exporters turned to the southern ports of Brazil for supply, which led to the active soybean export market in Brazil According to local traders, the number of buyers of Brazilian soybeans is now clearly on the rise According to industry sources, most of the export contracts signed last week are from the end of May to June Due to the rising demand, the price also rose Last Thursday night, the FOB price of May soybeans at the port of Paranagua was 8-5 cents per bushel on the contract price of CBOT may soybeans, far higher than last week's flat price to 3 cents The June shipment price for soybeans was 13 to 16 cents higher than last week's increase of 3 to 6 cents The premium for July delivery was 17 to 22 cents on CBOT's July soybean contract, up from last week's plus 5 to 8 cents This means that Brazil's soybean export peak may be extended &At present, the CNF price of Brazilian soybean to China port has been quoted as 197-199 US dollars / ton With the issuance of interim GM certificates, the Brazilian market will pay close attention to the demand from China &Two weeks ago, Brazil's senior soybean industry leader said China could resume purchasing soybeans in 10 to 20 days Last Wednesday, April 17th, a shipment of Brazil soybeans had left for China, according to local shipping reports This is also the first Brazilian soybean ship to China since China implemented the genetically modified regulations on March 20 But local trade sources said the ship, silvrett, left Brazil's northeastern port of St Louis with a reported destination of China, but the real destinations were Taiwan and Malaysia However, local buyers say they are confident that Chinese buyers will not only resume their purchases of Brazilian soybeans, but not us soybeans, as Brazilian soybeans are much cheaper than us soybeans.