Soybeans up, US crush down
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Last Update: 2002-07-03
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Source: Internet
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Author: User
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Introduction: Chicago, July 2 news: industry rumors said that Chicago's soybean business sold more and supply was tight on Tuesday, at least one large crushing plant slowed down production This year, buyers from all over the world gathered in the United States to push the Chicago Board of trade's Chen Dou contract to a new high this week as production in South America delayed sales of new beans And U.S soybean stocks are getting tighter Spokesmen for Cargill and Archer Daniels Midland, the largest US crushers, declined to comment on the rumors Chicago floor traders said Tuesday that "the squeeze may have slowed down a month ago The supply of soybeans is tight, and the feed demand of livestock industry may also be reduced due to high temperature " In addition, feed margins have been falling this year, although prices peaked in May In the last week of June, the price difference between soybeans and the soybean oil and meal produced was 56 cents, down from 60 cents in the previous week and 71 cents in the same period last year CBOT's August soybean contract squeeze profit fell 0.76 cents to 60.36 cents per bushel on Tuesday, while September's profit fell 3.53 cents to 63.86 cents Chicago traders believe that the premature slowdown in US squeezing will slow down the rise of soybean contracts on the Chicago Board of trade (author:) share to feed Weibo share to:
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