Global oilseed market: Soybeans fall as South America's bumper harvest is expected, China's demand is uncertain

게시됨 2024년 12월 23일

Tridge 요약

The article provides an overview of the current state of the agricultural market, focusing on soybeans and rapeseed futures, spot prices, and the US NOPA crushing report. It highlights a decrease in soybean crushing volumes in the US and Belgium, alongside an increase in soybean production forecasts for Brazil and Europe, with some discrepancies between different agencies. Additionally, the article discusses the potential impact of US tariffs, biofuel subsidy policies, and weather conditions in South America on the global soybean market. Furthermore, it mentions the divergent trends in soybean futures in Chicago and Euronext, with expectations of a continued decline in futures prices. Finally, it touches on the implications of the first-phase trade agreement between China and the US for the agricultural sector.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

On Friday (December 20), the March soybean futures contract of the Chicago Board of Trade (CBOT) closed at US$9.7925 per bushel, down 1.58% from a week ago; the average spot price of No. 1 yellow soybeans for January shipment was US$10.645 per bushel, down 1.05%. March soybean meal closed at US$302.2 per short ton, up 2.06%; March soybean oil closed at 39.88 cents per pound, down 7.23%; the February rapeseed futures contract of Euronext closed at 516.75 euros, down 5.5%; the March rapeseed futures contract of Canada closed at 613.8 Canadian dollars per ton, down 1.63%; the spot price of Argentina Upper River soybean FOB was US$408 per ton (including 33% export tax), down 1.21%. The ICE dollar index closed at 107.35 1 point, up 0.63% from a week ago, and also the third consecutive week of increase. The US NOPA crushing report showed that the soybean crushing volume in November fell month-on-month, which was also lower than market expectations. The National Oilseed Processors ...

출처: Foodmate