June 18 international soybean market news

Introduction: 1 On Monday, the U.S Department of Agriculture released the weekly crop growth report as of June 16 The report shows that 92% of American soybeans have been sown, basically close to the 5-year average of 93% Soybean sprouting rate reached 83%, compared with 82% in the same period last year The excellent rate of soybean reached 62%, which was 4 percentage points higher than 58% in the same period of last year 2 On Monday, the American oilseed processing Association announced the latest may monthly squeezing report with some positive support, limiting the decline of soybeans in early trading According to the report, the total amount of soybean crushing in the United States reached 136.042 million bushels in May, higher than 135.398 million bushels in April and 128.611 million bushels in the same period last year U.S soybean meal exports in May were 471799 tons, up from 460749 tons in April and 453837 tons in the same period last year U.S soybean oil stocks at the end of May were 2.422 billion pounds, up from 2.285 billion pounds in April and 2.06billion pounds in the same period last year 3 On Monday, the export inspection report for the week ending June 13 released by the U.S Department of agriculture was disappointing The number of soybean export inspection in the U.S was only 5.034 million bushels, lower than the market forecast of 9-13 million bushels The main destinations include 1808000 bushels for Japan, 1698000 bushels for South Korea, 1111000 bushels for Mexico and 417000 bushels for Costa Rica Private exporters reported that 120000 tons of soybeans were sold to unknown places and shipped in 2002 / 03 4 On Monday, the discount increase of soybeans in the United States and South America was weak The U.S soybean CIF premium continued to decline slightly, with 34 cents / bushel in June, 34 cents / bushel in July and 34 cents / bushel in August; Brazil's soybean CIF premium was 29 cents / bushel in June and 32 cents / bushel in July; Argentina's CIF premium was 13 cents / bushel in July 5 On Monday, soybean meal premium in the United States and South America remained stable The asking price of American soybean meal is 12 cents / bushel in June, 12 cents / bushel in July and 13 cents / bushel in August; that of Brazilian soybean meal is - 15.5 cents / bushel in June, - 15 cents / bushel in July and - 9 cents / bushel in September; that of Argentine soybean meal is - 26.5 cents / bushel in June and - 23.5 cents / bushel in July Cents / bushel, - 22 cents / bushel in August 6 On Monday, the soybean oil market trade in South America was in a good situation, and the premium was still very high The price of Argentina soybean oil offshore premium was + 130% in June and + 110% in July The price of Brazil soybean oil offshore premium was + 130% in June and + 90% in July On July and Monday, supported by the export data of SGS, Malaysian palm oil price rose During June 1-15, Malaysia's palm oil exports reached 431000 tons, up from 389000 tons last month Palm oil stocks fell to 9294.72 million tons, compared with 1.06 million tons last month and 1.21 million tons in 2001 8 Pakistan has increased its tariff on imported oilseeds from 5% to 10%, and on edible oil from 15% to 20% 9 Recently, South Korea purchased 35000 tons of South American soybean meal, with a CIF price of about 192 US dollars / ton, which arrived in mid October South Korea feed Association (KFA) bought 50000 tons of South American soybean meal from Cargill in a private transaction on Monday, with CNF price of US $185.53 per ton, which arrived in Incheon on September 20 It is said that the sale price of South American soybean meal in Rotterdam port is lower than the cost price.