World markets for grains and oilseeds

게시됨 2024년 12월 23일

Tridge 요약

Soybean futures on the Chicago Mercantile Exchange rose on Friday, driven by short covering, technical buying, and China's Sinograin's purchase of U.S. soybeans. This comes after soybean futures hit a four-year low due to forecasts of a large South American crop. Oversubscription of export sales reports also contributed to the price increase. In contrast, wheat futures remained unchanged but hit contract lows as strong global supplies, especially from the Black Sea region and Argentina, put downward pressure on the market.

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원본 콘텐츠

Soybean futures on the Chicago Mercantile Exchange rose on Friday, helped by short covering ahead of the weekend and technical buying after forecasts for a bumper South American crop sent soybean futures to a four-year low a day earlier. Soybean futures hit a four-year low of $9.45-1/4 on Thursday as preparations for an expected record-high soybean crop in Brazil weighed on prices. A clearing of positions ahead of the weekend and holiday season also helped push prices higher. The world’s largest soybean buyer, China’s Sinograin, bought about 500,000 tonnes of U.S. soybeans for March and April delivery this week, paying more for U.S. shipments into government reserves than buying cheaper Brazilian beans, traders said. January soybeans on the CBOT rose 11.5 cents to settle at $9.74.50 a bushel, down 1.4% for the week. January soybean meal futures on the CBOT settled up $10.40 at $294.50 a short ton. Spot soybean meal prices were steady Friday at truck and rail points across the U.S. ...

출처: Oilworld