Quotes of soybean oil on the stock exchange in Chicago continue to grow

2021-04-15 12:03:33
Machine translation
Quotes of soybean oil on the stock exchange in Chicago continue to grow

Caused by adverse weather delayed sowing in the United States led to rapid growth of stock prices of wheat and corn that against a rise in price of oil by 4% supported soybeans and soybean oil. Soy begin to sow in may so affect the price of natural factors as early as may or June.

 

On the stock exchange in Chicago may soybean futures rose 1.4% to 218,5 $/ton, and soy oil by 2.4% to 1198 $/t, demonstrating two days, an increase of nearly 5% to a three-week high.

 

Prices are rising on expectations of an increase of soybean in the United States and actively further exports, which will reduce ending stocks.

 

Analysts expect today's weekly report on export sales and processing and predict that the volume of soybean in March will be higher than in February.

 

On the stock exchange in Malaysia, June futures on palm oil remained at the level 3730 ringgit/t or 904 $/t as traders await the increase of production, in order to compare them with data on the increase in exports in the first half of April.

 

Futures palm oil on the stock exchange in Dalian grew by only 0.7% to 1158 $/t, and us soybean 0.4% to 1325 $/t

 

In Ukraine Association Ukroliyaprom, VAR, grain Association (UGA) and others have strongly criticized the government's intention to limit the export of sunflower oil. The market has already reacted to such intentions price increase proposals in 1570-1585 $/t FOB, although the prospects for the introduction of quotas is still very low.

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