Soybean prices in Argentina no longer follow CBOT

Introduction: with the decrease of soybean supply in Argentina's domestic market and the increase of soybean demand from domestic crushers, Argentine soybean prices will be gradually pushed higher in the next few weeks, and Argentine soybean prices will begin to break away from the trend of CBOT Recently, due to the key stage of soybean growth in the United States, the weather change in soybean producing areas has caused the price of CBOT soybean to fluctuate greatly Argentina's soybean price has been closely following the trend of CBOT, but now this situation has begun to change The soybean price difference between the two countries has begun to enlarge, because the US soybean will enter the harvest stage, while Argentina's soybean has been harvested, and the price has started to rise At present, Argentina's soybean price has risen to 180-190 US dollars / ton, and the competition between exporters and processors has begun to intensify, Because no one wants to have no raw materials in hand in the future According to the statistics of the Ministry of agriculture of Argentina, the annual soybean harvest of Argentina in 2000 / 01 is expected to be 26 million tons, 7 million tons have been purchased by exporters, and 11 million tons have been purchased by processors, only 30% of which have not been sold Domestic processors have to pay more to keep soybeans at home in order for factories to guarantee the start of construction, so the price of soybeans in Argentina will remain strong and start to rise (author:) share to feed Weibo share to: