Soybeans were higher on speculative and technical buying, in addition to the strength in the broader market, reportsBrownfield.
部分地区的大多数预测都温暖,干燥的天气South America, slowing down planting again and potentially stressing the crop.
种植已经推迟了几个星期nd this all but ensures the U.S. should continue to be the world’s main source of soybeans until early 2021.
The USDA’s attaché in China estimates 2020/21 soybean imports at 95 million tons because of lower demand following 2019/20’s record purchases of 98.5 million tons.
Production is expected to be 18 million tons, up about a million on the year. Soybean meal and oil were sharply higher on demand expectations.
Read the full report atBrownfield, Ag News for America.
