Kazakhstan: Soybean and its products quotations in December renewed price records

Published 2020년 12월 28일

Tridge summary

In November, the prices of soybeans and its by-products, meal and oil, reached their annual highs. However, in December, the prices of these products further increased, setting new record highs. Soybean oil prices saw the most significant increase, rising almost 15% in November and halving the growth dynamics in December. Soybeans and meal also saw price increases, with soybeans reaching over $ 12 per bushel and soybean meal over $ 400 per tonne. The price increases of soybean products have been ongoing for several months with the derivatives market strengthening its positions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In November, quotations of soybeans and products of its processing - meal and oil reached annual price maximums. But in December, all the products of this group did not stop there, and went further up, updating the annual records. Soybean oil quotes increase is again in the favorites. Last month they gained almost fifteen percent, and this month they have slowed down the growth dynamics by half, but this growth is also significant. Soybeans rose less actively than oil and also halved the proportions of December growth. By mid-December, they crossed another $ 12 per bushel price line upwards. Among soybean products, meal quotes rose the least, but, nevertheless, they are now valued at over $ 400 per tonne. In the first two weeks of December soybeans, oil and meal were declining, but by the end of the month they all went up. As a result, in December, quotations of soybeans increased from 11.9175 to 12.645 dollars per bushel, or 6.1%, quotations of meal rose from 396.3 to 414.1 ...
Source: Kazakh-zerno

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