Price: €11.00
Member Price: €0.00

Oilseeds daily: US soybeans drift high and delays in Canada

September 10, 2020 at 6:33 PM , Der AUDITOR
Play report as audio

CHICAGO/HAMBURG. As the market is waiting for the new WASDE report to be issued on Friday soybean futures are trading higher in Chicago. Meanwhile. delays have been reported in Canada's canola harvest.

Cold spell and exports to China drive soybean market
The US soybean market has shown a remarkable rise of nearly 9% over the last three weeks. Exports to China have, meanwhile, given the market a boost. Shipments to China took place five days in a row as the USDA export reports show. A cold spell in parts of the Midwest provided an additional lift. Temperatures dropped below freezing in parts of North Dakota and Minnesota on Wednesday as frost damages may have occurred. In the run-up to Friday's USDA report, analysts are reckoning with a downward

Categories:

View related articles

Go to the News Overview
Grains
Jun 20, 2025
BRUSSELS. Analysts have issued new production estimates for wheat in the EU and in Turkey. Harvesting is slow for corn in Brazil. The tensions in the Middle East over Iran and Israel are lingering in the background for soy and rapeseed.
Oilseeds
Jun 18, 2025
NEW DELHI/ISLAMABAD. India has witnessed a decline in the export value for sesame seeds. Prospects are far from encouraging for the new crop in Pakistan.
Oilseeds
Jun 17, 2025
SOFIA/BRUSSELS. WASDE estimates are untouched for sunflower seeds. Contrary to this, Coceral has revised the EU production estimate. Traders report good crop development in Bulgaria. EU imports are down.
Nuts
Jun 16, 2025
NEW DELHI/BUENOS AIRES. For exporters in India it is difficult to compete with South America. Projections are rather optimistic in Argentina. China is gaining market shares in traditional US markets for inshell peanuts.