June 24 international soybean market news
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Last Update: 2002-06-24
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Source: Internet
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Author: User
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Introduction: 1 On Sunday, the CIF premium of American soybeans was 35 cents / bushel in June, 35 cents / bushel in July and 38 cents / bushel in August; the CIF premium of Brazil soybeans was 27 cents / bushel in July and 35 cents / bushel in August; the CIF premium of Argentina was 13 cents / bushel in July 2 On Sunday, 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 - 16 cents / bushel in July, - 95 cents / bushel in August and - 9 cents / bushel in September; that of Argentine soybean meal is - 27 cents / bushel in July and - 1 in October 6 cents / bushel 3 On Sunday, U.S soybean oil offshore premium was + 150% in June, + 150% in July and + 130% in October; Argentina soybean oil offshore premium was + 120% in July and + 90% in August; Brazil soybean oil offshore premium was + 130% in July and + 90% in August 4 According to the report released by safras last week, in the past two months, Brazil's soybean sales have lagged behind the plan As of June 21, Brazil had sold 70% of the 2001 / 02 soybeans, 77% in the same period last year and 76% in five years 5 The decline of CBOT futures price in the international market has affected the domestic market of India, resulting in the trading downturn On June 21, Indore offered 10000 rupees / ton guaranteed soybean meal and 9900 rupees / ton unsecured soybean meal The number of bags arriving in Indore market is about 7000-8000 The price quoted by FOB is rs 10500 / T, and the price quoted by FAS is US $215-216 / T 6 Argentina's soybean prices rose on Friday, supported by the decline of the peso exchange rate and the rise of Chicago futures In Rosario, soybeans climbed 12 to 13 pesos, trading at 496 to 497 pesos per ton; in Bahia Blanca, they traded at 496 pesos Buenos Aires soybeans Rose 14 pesos to close at 485.
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