July 23 international soybean market news

Introduction: 1 On Monday, the CIF price of American soybeans was 38 cents / bushel in July, 35-37 cents / bushel in August and 29 cents / bushel in October; that of Brazil soybeans was 15 cents / bushel in August; that of Argentina soybeans was 8 cents / bushel in August 2 On Monday, the price of off shore premium for American soybean meal was 14 cents / bushel in July, 14 cents / bushel in the first half of August and 15 cents / bushel in the second half of October December; the price of off shore premium for Brazilian soybean meal was - 20 cents / bushel in August and - 9 cents / bushel in the second half of October December; the price of off shore premium for Argentine soybean meal was - 40 in July Cents / bushel, October to December - 22 cents / bushel 3 On Thursday, U.S soybean oil's FOB premium was 100 cents / pound in August, Brazil's 30 cents / pound in August and 30 cents / pound in September; Argentina's 40 cents / pound in August and 30 cents / pound in September 4 On Monday, the U.S soybean export inspection report released by the U.S Department of agriculture showed that the total amount of soybean export inspection last week was 9.492 million bushels, lower than last week's 11.637 million bushels and the same period last year's 11.081 million bushels, but the number was basically within the range of 6-10 million bushels predicted by traders 5 On Monday, Argentina's soybean spot price rose sharply, supported by Chicago soybean futures In Rosario, soybeans were up 18 pesos at 570 pesos / ton ($157), while in Bahia Blanca they were up 21 pesos at 575 pesos / ton 6 Recently, Brazil's soybean spot market is not supported by Chicago soybean futures The soybean price in the spot market is 27.00-28.00 rials / bag (60 kg) In the futures market, 60 kg bags are sold for 24.00 Riyals in March delivery According to fiagril, up to 5% of soybeans will be sold in 2001 / 02.