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Oilseeds daily: export boom for US soybeans

September 18, 2020 11:14 AM, Der AUDITOR
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CHICAGO/HAMBURG. Rumours over China have caused a stir in the soybean market. A turn in prices has been observed in Europe's rapeseed market.

China steps up soybean purchases
The US soybean market is booming as demand has risen sharply in China and Brazil is apparently sold out. Chicago soybean futures have already far exceeded the USD 10 USD/bushel mark. On Thursday, the USDA announced that 264,000 mt have been shipped to China and 360,500 mt to an unknown destination. Rumour has it that China is planning to buy another 15 to 20 shiploads of US soybeans soon for delivery in December-January. Weekly US exports have exceeded 2.457 million mt. Since hurricane Sally has caused severe flooding on the US Gulf Co


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