June 21 international soybean market news

Introduction: 1 On Thursday, the CIF premium of American soybeans was 36 cents / bushel in June, 36 cents / bushel in July and 38 cents / bushel in August; the CIF premium of Brazil soybeans was 25 cents / bushel in June, 24 cents / bushel in June and 30 cents / bushel in August; the CIF premium of Argentina was July The share is still 13 cents / bushel 2 On Thursday, the asking price of off shore discount for soybean meal 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 July, - 15 cents / bushel in August and - 9 cents / bushel in September; that of Argentine soybean meal is - 26.5 cents / bushel in June and July It was - 23.5 cents / bushel and - 22 cents / bushel in August 3 On Thursday, U.S soybean oil offshore premium was + 150% in June, + 150% in July and + 130% in October; Argentina soybean oil offshore premium was + 130% in July and + 85% in August; Brazil soybean oil offshore premium was + 130% in July and + 85% in August 4 On Thursday, sparks companies, a Memphis based analysis firm, released its forecast for the sown area of American crops in 2002, which is expected to be 74.9 million acres Linn group in Chicago also released its forecast for the sown area of American soybeans in 2002-03, which is 74.71 million acres, higher than the forecast of 73.5 million acres by the U.S Department of agriculture 5 According to the export sales report of the U.S Department of Agriculture released on June 20, the net sales volume of soybeans in the U.S as of June 13 was 238100 tons, 50% less than last week, and 1 / 3 less than the four week average The net sales volume of soybean cake and soybean meal was 118900 tons, 2.25 times of the sales volume last week, 48% of the average sales volume in four weeks The net sales volume of soybean oil is 36700 tons This week, U.S soybean export sales and shipment volume were slower than last week This week, the U.S did not sell or ship soybeans to China, but sold 28500 tons of soybean oil to China 6 According to the weekly sales report released by the U.S Department of agriculture on Thursday, as of June 13, the cumulative shipment volume of U.S soybean exports to China in 2001 / 02 market year was 4.3863 million tons, down 23.31 percentage points from 5.7192 million tons in the same period of last year U.S soybeans sold to China but not shipped were 145000 tons, compared with 615000 tons in the same period last year In 2002 / 03, the volume of sales without shipment was 55000 tons 7 On Thursday, soybean prices in Argentina rose steadily, and farmers began to increase the supply of soybeans as they speculated that the price had reached the top Rosario's soybean price was stable at 480-485 pesos per ton, or 134.10 to 135.50 US dollars, in line with Thursday's average price of 482 pesos; in Bahia Blanca, the soybean price rose 3 pesos, or 485 pesos; in quequequen, it rose 1 peso, or 470 pesos; in Buenos Aires, the soybean price rose 2 to 7 pesos, or 470 to 475 pesos per ton 8 According to an organization in the Candido Mota area in the southwest of Sao Paulo state, soybean sales of Brazilian farmers were very low in the first two weeks of June As the debt matures in July, August, September and October respectively, sales are now expected to increase gradually from the beginning of July It is inferred that sales progress in the regions under the jurisdiction of the agency is 45% (40% last Thursday) and 80% in the same period last year The price of each bag (60 kg) on the 19th is 27 rials, compared with 27.4 rials last Thursday The highest price since this month is 27.5 rials.