Active export support prices for soybeans

2019-10-22 13:07:43
Machine translation
Active export support prices for soybeans

the Increase in demand for soybeans due to lower production forecasts strengthens prices in the United States and Ukraine.

 

Additional factor of support was the low sowing rate in Brazil, which is now due to dry hot weather in September and October planted only 21% of the area compared to 34% last year. Recent precipitation has not yet compensated for the lack of moisture, and in some areas farmers will have to reseed the area if not soon will be powerful rains. Delay in sowing of soybean may postpone sowing of maize second crop, which will reduce the yield of corn in 2020

 

In the U.S. on October 20, soybeans collected on 46% of the area compared to 26% last week, 51% at the same date last year and 64% on average for 5 years. Farmers on the eve of frosts are harvested primarily soybeans.

 

soybean Exports for the week increased by 26.3% to 1.3 million tonnes, while shipments to China decreased by half. Since the beginning of the season exported 6,458 million tons of soybeans, which is 7.2% higher than the corresponding figure 2018/19 Mr.

 

Thanks to the optimism of traders regarding negotiations between the U.S. and China, the price of soybeans in Chicago rose to 348,5 $/t, while long positions rose to 16-month high.

 

Global prices supported by China's purchase of large consignments of soybeans from Brazil, which indicates the increase in the deficit on the Chinese market and increase the refining margins and the price of soybeans on Talansky exchange.

 

In Ukraine, the VAT refund cancellation in the export of soybeans has reduced the purchasing prices for the oilseed last season and led to a reduction in sowing areas.

 

On October 21, in Ukraine, 90% of the area harvested 3.3 million tons of soybeans with a yield of 2.33 t/ha (2.5 t/ha in 2018р). So the gross yield will not amount to more than 3.6 million tonnes compared to 4.4 million tonnes in 2018/19 Mr. Processing volume last year amounted to 1 million tons in the current MG, it is unlikely he will change through the growth of export demand.

 

Processors offer soy 8000-8200 UAH/t with delivery to the plant, while last year the price reached 10200-10400 UAH/t. the Traders this year are actively buying from producers of soybeans for the currency, which increases competition. For soy GMOs in the port offer 325-333 $/ton, and almost never buy it for the hryvnia.

 

the Demand for non-GMO soy protein 39-40% from the EU and Belarus is small, so on the DAP-border of Ukraine for her offer 335-345 $/t

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