Two ships of soybeans sold to China in US weekly export sales
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Last Update: 2002-08-20
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Source: Internet
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Author: User
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Introduction: according to the U.S Department of agriculture export sales report released on August 15, according to the U.S Department of agriculture export sales report released on August 15, the U.S soybean export sales volume in the week ending August 8 totaled 505700 tons, almost double the total sales volume of 265600 tons last week (2001 / 02 and 2002 / 03 Total net sales of the year), which is higher than the forecast range of 200000 tons to 300000 tons This week, the United States sold two ships of Panamanian grade soybeans to China, totaling 110000 tons, for shipment in 2002 / 03 Ennz Brazilian farmers will plant more soybeans ennz Dow Jones news according to Brazilian analysts, the current bull market in the soybean market may last until October November, when the US soybean harvest may put pressure on spot prices Considering the current high soybean price, analysts have always believed that Brazil's soybean planting area will significantly increase, and farmers will shift from planting rice, cotton and corn to planting soybeans, and also open up new land to plant soybeans Safras predicted that the soybean output in 2002 / 03 will reach a record 48.17 million tons, 16% higher than that of this year's 41.47 million tons, and the planting area will increase by 7.8% over the previous year, reaching 17.08 million hectares.
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