Soybean prices edge up, but still set for biggest weekly loss in 10 months

Ram Gopal Yadav (6 years ago)

U.S. soybean prices inched up after marking their lowest in four months earlier in the session, but were still set for their biggest weekly loss since August 2017 amid expectations for bumper North American output. The most active soybean futures on the Chicago Board of Trade were down 4.5 percent for the week, on course for their biggest weekly slide since Aug. 4, 2017. Soybeans hit their lowest since Feb. 6 at $9.72-1/2 a bushel.

China may soybean imports rebound, but steady on year ago

Ram Gopal Yadav (6 years ago)

China soybean imports leapt in May from the previous month as buyers scooped up purchases from Brazil’s bumper harvest, but were still in line with the same month last year, despite markets concerns over a U.S. trade war. China imported 9.69 million tonnes of the oilseed in May, up from April’s 6.9 million tonnes, but just 1 percent higher than in May last year. China jan-may soybean imports at 36.17 mln tonnes.

Brazil exports of soybean to China in May smash record

Ram Gopal Yadav (6 years ago)

Brazil exports of soybean to China in May hit 9.76 million mt, almost 80% of the total volume exported and a monthly record. The figure is equivalent to around 160 cargoes of soybeans and eclipses the previous record by more than 1.4 million mt, set in April 2017 last year. Brazil total exports for May, released Monday, reached 12.35 million mt.