Oilseeds - Oils

Soybeans: China's import transactions are severely delayed

February 26, 2020 3:17 PM, Der AUDITOR
Play report as audio

CHICAGO. The soybean market continues its weak price performance. Fears of a coronavirus pandemic are increasing and make further market assessments difficult. China can only process imports with a considerable delay. In Argentina, the export tax increases have caused strong criticism from farmers, who recently threatened the government with a sales stop.

In the USA, soybean prices in Chicago at midday were virtually unchanged at USD 8.78 per bushel. Increasing fears of a pandemic of the coronavirus continued to put pressure on the markets. In the meantime, the virus has spread to 32 countries worldwide. In particular, new cases in South Korea, Iran, the Persian Gulf region and Italy are scaring the world. There is currently a great deal of uncertainty about the virus, making it difficult to predict market direction, said Phin Ziebell, agronomist at the National Australia Bank. The USDA also announced no soybean exports to China yesterday an


View related articles

Go to the News Overview
Nov 25, 2021
NUR-SULTAN. Last week, the Asia Grains&Oils Conference took place in Kazakhstan. Market expert Evgeny Karabanov from the Kazakh Grain Union (KGU) presented the current estimates for the Kazakh Flaxseed crop of 2021.
Nov 25, 2021
CHRUDIM. The Czech blue poppy seed market is quiet and price corrections comparable to those in the last weeks of last year are not to be expected. Enough raw materials should be available, although the partly low quality is emphasised again.
Nov 24, 2021
SOFIA/KIEV. As Russia is currently not supplying any raw materials, Moldova is by far the most important third-country sunflower seed supplier for the EU. Both Russia and Ukraine were able to achieve very good crops this year. In Bulgaria, the high prices keep the market quiet.
Nov 23, 2021
BEIJING. The Chinese pumpkin seed market is lacking demand, while speculators have had little success so far. The approaching Christmas holidays and Chinese New Year should ensure that there are only few price corrections in the export market.