July 16 international soybean market news

Introduction: 1 On Monday, the U.S Department of Agriculture released the weekly export inspection report as of July 11, and this week the U.S shipped 81700 tons of soybeans to China This week's U.S soybean export inspection volume was 11.637 million bushels, almost the same as last week's 1163.3 The market's total export inspection volume so far this year is 10028 million bushels, 6.18% higher than 940226 million bushels in the same period last year 2 As of last Saturday, Argentine farmers have harvested 11.45 million hectares of soybeans, reaching 29.77 million tons The Argentine government expects soybean production to be a record 30 million tons in 2001 / 02, higher than the 29.5 million tons predicted by the U.S Department of agriculture 3 On Monday, Argentina's soybean spot price rose for the fourth consecutive trading day as the Chicago Board of trade closed higher, setting the market's annual high In Rosario, the soybean price is 570-572 pesos / ton, about 157.00-157.50 US dollars, up 18-20 pesos; in Bahia Blanca, the soybean price is 565 pesos / ton, up 10 pesos; in quequequen, the soybean price is 545 pesos / ton, up 12 pesos 4 On Monday, the spot basis of soybeans in the Midwest of the United States remained stable, with few farmers selling soybeans At present, the domestic supply of soybeans in the United States is relatively small, and the corresponding demand has been relatively strong, which has led to a substantial increase in soybean prices 5 According to the evaluation report of safras & Mercado in Brazil, the price of soybeans in the main market of the country has not stopped rising The current price of soybeans is the highest in July in the past four years The average price for the first two weeks of July was the highest in the year At cascade (PR), 60 kg bags of soybeans cost $11.40, compared with $10.60 in June This is higher than the average price of $9.90 in 2001 and $10.32 in July 2001.