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Soybeans: Brazil beats USA on soybean exports

March 2, 2020 3:03 PM, Der AUDITOR
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CHICAGO. The soybean market was again slightly firmer. High processing figures for US soybeans are expected in the NOPA report. Dockworkers' strikes and the suspension of export registrations in Argentina also supported the soy prices. Brazil caused a sensation in the market with record soybean exports in February.

In the USA, soybean prices started the new week a little firmer. US soybeans were trading at USD 8.88 per bushel at noon, which is 13 cents higher than last Friday. In the course of trading, there were rumours that China was planning to buy a smaller quantity of soybeans in the USA, which caused prices in Chicago to rise slightly at the start of trading. Moody's analysts have now doubled the Covid-19 pandemic risk from 20% to 40%. In the run-up to the NOPA report, retailers expected that more than 186.9 million bushels of US soybeans had been processed in the USA in January, which

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