June 13 international soybean market news

Introduction: 1 On Wednesday, the U.S soybean export shore trade was very small, and the price rise and discount remained unchanged In June, the premium was 32 / 35 cents / bushel July's premium is 34 / 36 cents / bushel 2 On Wednesday, Brazil's market remained calm, with a slight decline in the stability of offshore premium, which was 32 / 35 cents / bushel in June and July The sales of Argentine farmers are still stable, ranging from 150000 to 200000 tons, and the off shore premium is about + 18 / 20 US cents / bushel 3 On Wednesday, due to the reduction of market demand and the weakening of purchasing power, the price of South American soybean meal rose and fell steadily Brazil's recent June soybean meal discount is - 16 cents / bushel The elevation of Argentine soybean meal was - 23 / - 25 cents / bushel The discount in the Gulf of Mexico is about + 12 cents / bushel 4 On Wednesday, South American soybean oil price hikes remained firm, with nominal hikes of about + 90% / + 100%, old products of the United States of America of + 125% / + 130%, and new products of + 120% Indian buyers were calm The price of South American soybean oil FOB was 10 to 15 US dollars / ton lower than that of Malaysia's palm oil concentrate 5 On Wednesday, according to the announcement of the US Department of agriculture, US private exporters reported that 28500 tons of soybean oil had been sold to China, with annual delivery in the 2001 / 02 market, which began on October 1 Under U.S law, if U.S exporters sell more than 20000 tons of soybean oil or more than 100000 tons of other goods to a single destination on a single trading day, they must report on the second business day Lower volume sales require weekly reporting 6 On Wednesday, despite the continuous increase in the total amount of U.S squeezing, soybean oil prices are still rising The increase in demand for vegetable oil in India, Pakistan and China, as well as the rebound in palm oil prices, support soybean oil prices, stabilize them and raise the prices of related products Recently, the market is close to 37.5% of the average seasonal high, but some analysts think soybean oil will hit 40% in the near future 7 On Wednesday, Argentina's soybean price fell for the fourth consecutive trading day due to lower export demand and stronger Peso exchange rate In Rosario, soybean prices fell 10 pesos to 473 pesos per ton, or US $138.10; Argentina's decline began on Friday, after two weeks of rising local soybean prices 8 On Wednesday, according to Asian market participants, Brazil's suppliers predicted that the domestic economic and monetary situation would further decline, the currency would continue to depreciate, resulting in a reluctance to sell Suppliers hoarded soybeans and Argentina, their main competitor, were still trapped in the economic crisis, with few exports The soybean price in Brazil is rising Some of the quotations have exceeded those in the United States The soybean price in northern Brazil is shipped in August The current quotation is 110 cents to 115 cents per bushel on CBOT's November soybean price, CIF Kaohsiung port In contrast, the U.S soybean price is 110 cents per bushel of premium, CIF, on CBOT's November soybean price Brazil's southern soybean price is in November CBOT soybean prices rose 100 cents to 110 cents 9 On Wednesday, the U.S Department of Agriculture released a supply and demand report saying that the U.S soybean production in 2002 / 03 will increase to 2.87bn bushels from the 2.85bn bushels predicted last month, mainly due to the increase of soybean planting area U.S soybean stocks at the beginning of 2002 / 03 are expected to decrease from 260 million bushels to 240 million bushels, mainly due to the expected growth of soybean exports to a record 1.035 billion bushels in 2001 / 02 (author:) share to feed Weibo share to: