May 20, 2019

Brazil Rides Wave of Soybean Sales to China

While trade war with United States rages on

Soybean trading in Brazil has gained momentum in recent days, driven by a wave of Chinese demand, boosting prices and premiums paid at ports amid a weakening of the Brazilian currency, according to analysts.

An estimated 5.5 million tonnes of soybeans have traded over the past few days, and are slated to leave Brazilian ports in June, July and August, according to estimates by the Center for Advanced Studies in Applied Economics (Cepea) issued on Friday. For the full story,click here.

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Magazine

Marketwatch: Apr, 06

US Corn Price Idx:ZCPAUS.CM

open: 7.3207
high: 7.3968
low: 7.274
close: 7.313

US Soybean Price Idx:ZSPAUS.CM

open: 15.6294
high: 15.7696
low: 15.5821
close: 15.7086

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.2661
high: 10.4286
low: 10.1018
close: 10.2729

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 9.8201
high: 9.9876
low: 9.583
close: 9.7227