March 3 international soybean market trends

Introduction: 1 On Wednesday, CBOT related agricultural products futures and palm oil futures in the United States closed: soybean March contract (2005) closed at 6186 US cents, up and down: 136 US cents / bushel soybean oil March contract (2005) closed at 23 US cents, up and down: 0.3 US cents / pound soybean meal March contract (2005) closed at 186.2 US dollars, Up and down: US $4.6 / short ton wheat March contract (2005) closed at 3320 cents, up and down: 20 cents / bushel corn March contract (2005) closed at 2102 cents, up and down: - 06 cents / bushel palm oil March contract (2005) closed at 1403 ringgit, Up and down: 21 "ringgit / ton 2 The outlook of Brazil's soybean production by oil world has been continuously lowered in the past few days Affected by the aggravation of drought, the magazine has successively lowered the forecast of Brazil's soybean production The latest report shows that the output is expected to be further lowered to between 50-57 million tons 3 The export of coconut oil in the Philippines declined sharply From October to December of 2004, compared with the same period a year ago, it fell by nearly one third Moreover, from January to February of 2005, the decline trend did not change, and the coconut meat production also decreased 4 During the period from July 2004 to January 2005, the export of Thailand's cassava flour declined, reaching only 1.65 million tons, mainly due to the decline in the demand of 25 EU countries 5 According to the analysis report of oil world, the global soybean oil inventory is still tight compared with the soybean meal inventory From October to December 2004, the soybean oil inventory continued to decline, and it is expected to have dropped to 2.62 million tons by the end of 2004 6 Pt perkebunan Nusantara of Indonesia sold 4500 tons of crude palm oil (CPO) at the government's twice-a-week auction on Tuesday, according to an official of the agency selling palm oil produced in domestic plantations 7 The following is the U.S No.1 soybean export quotation (unit: US cents / bushel) delivered within 30 days at the U.S port on March 2: Port quotation and yesterday's change: port of Louisiana 668.25-672.25 rose 15.00-18.00 port of Toledo, Great Lakes region 607.25-613.25 rose 14.00 port of Chicago, Great Lakes region 609.25-623.25 rose 12.00-14.00 port of Norfolk, Atlantic coast 637.00 Up 14.008 Oil world, a Hamburg news publication in Germany, upgraded the global palm oil production to 31.28 million tons in 2004 / 05 (October to September of the next year), which was expected to be 31.01 million tons, compared with 29.12 million tons in the previous year 9 On Wednesday, an official of Taiwan's state-owned sugar company said it would buy 12000 tons of us soybeans on Friday ADM is one of the world's largest soybean processors and biodiesel manufacturers On Tuesday, it said it would expand its oilseed crushing capacity at oelmuhle Hamburg Ag in Germany "The company's current customer base has created additional demand to shift some of its soybean crushing capacity to rapeseed crushing," it said 11 Malaysia's palm oil production will fall 12% to 1013000 tons in February due to fewer working days and a quarterly decline in production, according to a Reuters survey on Tuesday Malaysia's palm oil production in January totaled 1151956 tons The estimated output of five plantations in February ranges from 990682 to 103676 tons 12 Spot soybean prices in Argentina rose to a five-month high on Wednesday, helped by gains in the CBOT soybean contract In Rosario, the main soybean export port, soybean prices rose 10 pesos to 500 pesos per ton, the highest since September 14 Volume was flat at 30000 tons on Tuesday In the southern port of Blanca, soybean prices rose 10 pesos, Report 500 pesos per ton