EU demand for us soybeans started to heat up before the MBM ban came into effect（

OA show ('918 '); Chicago, December 7 (Reuters) - demand for U.S soybeans in the European Union began to pick up ahead of the European Union's blanket ban on the use of meat and bone meal (MBM) for animal feed, grain analysts said Thursday The six-month ban is aimed at curbing the spread of mad cow disease The ban, which is widely expected to take effect on January 1, 2001, was approved by agriculture ministers of 15 EU Member States on Monday, 20 days after France took the lead in banning the use of meat and bone meal for animal feed The French government's announcement triggered a rebound in soybean and soybean meal futures on the Chicago Mercantile Exchange, with futures prices rising 5% and 13%, respectively, leading to profit unwinding after the EU confirmed the ban on Monday Mr mark widner, an analyst at Cargill investment services brokerage, said the export sales report showed that demand from Europe began to rise in the United States It seems that the Europeans are going to buy American soybeans and crush them by themselves " Brazilian soybeans will not be available for export until March next year, according to Dale gustarson, an analyst at Salomon & Co before that, U.S soybeans had an exclusive advantage over EU exports Brazil is the world's second largest soybean producer after the United States The U.S Department of Agriculture released a weekly sales report before the opening of the market on Thursday In the week ending November 30, the net export sales of U.S soybeans reached 1.399 million tons, far higher than the 500000-800000 tons predicted by the insiders The net sales also hit a new high in the market this year, 95% higher than last week and 2.5 times the average export volume in four weeks Orders from the European Union totalled 637800 tonnes in the week to November 30, of which 373600 tonnes had been shipped In the week to November 23, the USDA showed a net increase of 301400 tonnes in orders from the EU So far, in 2000 / 01, the total soybean import contracts signed by the European Union reached 4.3 million tons, compared with 3.61 million tons on November 30, 1999 In Thursday's report, the U.S Department of agriculture listed new import orders from Belgium at 60000 tons, Germany at 193000 tons, the Netherlands at 139000 tons, Spain at 117900 tons and the UK at 100000 tons On Thursday, German Prime Minister Gerhard Schroeder issued a statement saying the six-month EU ban was too short, but the statement failed to stimulate the price rise of CBOT soybeans and soybean meal because it was expected "No one really thinks the EU will lift the ban after six months," said a trader who declined to be identified Britain has been fighting for years to stop BSE I think the EU ban will be enforced for a long time " Another trader said he expected the EU to conduct an annual review of the ban on bone and meat meal, which may be revised by EU Member States, but will not be lifted in the short term Schroeder told reporters in France that Thursday's consensus among EU leaders was that the six-month ban on bone and meat meal was too short "No one can imagine lifting the animal feed ban in six months," he said in a speech after 15 country leaders held consultations on food safety and the mad cow disease crisis We must and will definitely adopt a permanent ban " China feed industry information network ekz (author:)