Kazakhstan: In January, quotations of soybeans, meal and oil repeated the December growth

Published 2021년 2월 17일

Tridge summary

Soybean commodities, including soybeans, meal, and oil, saw increases in December and continued to rise in January. Soybean quotes saw the highest increase, followed by soybean oil, while soybean meal quotes increased to a lesser extent. All three positions hit record values at the end of 2020. In January, soybean quotes rose from 12.645 to 13.7 dollars per bushel, soybean meal quotes rose from 424.1 to 431 dollars per ton, and soybean oil quotes rose from 0.4113 to 0.4462 dollars per pound.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Commodities of the soybean group, namely soybeans, meal and oil, after increasing in December, continued to rise in January. Soybean quotes in January increased the proportions of growth to more than eight percent in comparison with December. Soybean meal quotes rose to a lesser extent and slightly reduced the growth dynamics. The leader of the increase in the soybean segment was soybean oil quotes. Soybeans reached their maximum indicators by mid-January, but then moved down. By this time, soybean meal was at the peak of the rise, and the oil reached its best indicators by the end of the period. Let's remind. All three positions of soy products ended 2020 with record values, but during the period, growth was combined with a decline. Soybeans rose 34.3%, meal quotes rose 37.8% and soybean oil rose 17.4%. In the first half of January, quotations of soybean commodities all went up, as well as in December, in different proportions. Quotations of soybeans went up sharply and in less ...
Source: Kazakh-zerno

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