Swine fever seen cutting China's soybean demand
source: Reuters
Chicago soybean futures lost ground on Wednesday, snapping a six-session winning streak, as concerns over Chinese demand and expectations of a record Brazilian crop weighed on the market.
Reutersreports that wheat slid as U.S. supplies continue to face stiff competition in the international market despite a bullish outlook by the USDA.
China's African swine fever outbreak is far more severe than previously thought and the full impact of the disease on animal feed producers has yet to be realized, Archer Daniels Midland (ADM) said last month.
Brazil's 2019-2020 soybean crop, in the final phase of planting, could reach a record 122.7 million tonnes, according to the average forecast in a Reuters survey of 16 market analysts.
US Corn Price Idx:ZCPAUS.CM
open: 7.5402
高:7.6224
low: 7.4761
close: 7.4847
US Soybean Price Idx:ZSPAUS.CM
open: 15.9314
high: 16.0464
low: 15.9038
close: 16.0278
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.4875
high: 9.5816
low: 9.3641
close: 9.4048
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.8284
high: 8.8359
low: 8.5998
close: 8.627
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