U.S. Soybean Market Outlook
-
Last Update: 2002-06-19
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: US soybean prices fell a few cents last week from this year's high China's imports are uncertain and technical selling has led to weaker prices China eventually allowed imports of soybeans to be unloaded, and the market was puzzled by the GM rules for a year, which remain one of the market's destabilizing factors It is reported that China's crushing plants have been partially shut down due to soybean shortage, and the price is much higher than the international market If soybeans are finally allowed to be freely imported into China, US soybean prices will rebound The USDA estimated in its June supply and demand report that the U.S soybean crush and export volume increased this crop year, resulting in a decrease in carry over inventory to just 240 million bushels The data is down 100 million bushels from the beginning of the period Forecast the basic balance of supply and demand in the next year If the climate is normal for the rest of the growing season, the USDA estimates soybean production will increase to 2.87 billion bushels It is expected that carry over inventory will increase to 265 million bushels in the next year If the climate is right, soybean prices will weaken this summer However, if there is a serious climate problem, it is expected that the relatively low carry over inventory will be enough to drive prices up significantly It is suggested to control the sales ratio of new soybeans to 10%.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
