Oilseeds - Oils

Soybeans: Brazil's crop expectations continue to rise

February 6, 2020 1:50 PM, Der AUDITOR
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CHICAGO. US soybeans were just able to hold their own compared to yesterday. The diminishing fear of a pandemic due to the corona virus supported the soya market, the trade expects earlier soya purchases by China, but these have not yet been confirmed. Brazil's soybean crop expectations increased again. This could put pressure on soybean prices in Chicago again.

In the USA, soybean prices in Chicago were only just able to hold their ground at USD 8.82 per bushel, with a 2 cent price loss compared to yesterday. Soybean meal declined slightly, while soybean oil rose again by 1.50 cents. Initially, the market was supported by the decreasing fear of a pandemic due to the corona virus. Chinese researchers at the University of Zhanjiang are said to have found a medication against the corona virus, which the WHO later denied. According to leading analysts, Beijing's announcement that the Trump government will take a step forward in the trad


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