Oilseeds - Oils

Soybeans: price expectations of USD 9 per bushel

February 18, 2020 2:11 PM, Der AUDITOR
Play report as audio

CHICAGO. US soybeans rose slightly in the after the trade expected China to buy more soybeans this week after the Phase 1 deal came into effect. It remains to be seen whether this calculation works out. South America's soybean forecasts continue to rise.

In the USA, soybean prices in Chicago turned positive by 3 cents to USD 8.96 per bushel. Soybean meal also made some gains in the USA and brokers who spent time at the office despite President's Day hoped to start the new week with a level of USD 9 per bushel. This is because in the USA, trade positioned itself with higher export expectations for soybeans to China. It is very uncertain whether this calculation will already work out in the first week after the Phase 1 deal comes into effect, especially as China had bought considerable quantities of soybeans in Brazil in January.


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.