Prices for soybeans are expected to meet the presidents of the United States and China

2019-02-01 12:03:54
Machine translation
Prices for soybeans are expected to meet the presidents of the United States and China

soybean Market stress awaits further developments in the trade dispute between the US and China.

 

the Chinese Delegation during their stay in the United States this week was supposed to coordinate all the issues before signing the trade agreement. But yesterday, trump tweeted that despite the good course of the negotiations the final agreement will be signed only after his meeting with President of the PRC, where we will need to agree on a long-standing and complex issues.

 

"we Hope that China will open its market for financial services of the United States, but also for production, farmers and other industries and enterprises in the United States, without which the deal will be unacceptable," - said trump.

 

Traders expected this week, China will acquire a new batch of U.S. soybeans because the stockpile in Chinese ports decreased after a decline in January shipments to China, and to compensate for this supply of soybeans of the new crop from Brazil is not yet possible.

 

According to Reuters, some Brazilian producers of soybeans stopped sales of the new crop in anticipation of rising prices due to crop losses in some regions of the country. Almost 50% of the crop was sold in the second half of last year amid increased purchases by China of Brazilian soybeans after the start of a trade war with the United States.

 

In Argentina, completed sowing soybean. According to the stock exchange in Buenos Aires acreage compared to last season has reduced by 0.2 million hectares to 17.7 million hectares, but due to favorable weather the harvest is expected to reach 53 million tons.

 

the Price of soybeans in Argentina are growing because of fears of a reduction in soybean crop in Brazil due to bad weather conditions.

 

Traders are interested in new crop soybeans, since the remnants of the previous crop is almost sold out.

 

In Ukraine, refiners have stepped up purchases of soybeans, and offer the plant 9600-10500 UAH/t, depending on region, level of protein and GMO. Export demand decreases with the growth of supply from South America. In the port prices dropped by 3-5 $/t to 335-340 $/t, for soybean GMO and 350 $/t, for soybean GMO.

 

the Demand for Ukrainian soybean non-GMO from Belarus also reduced the price of the demand DAP the border of Ukraine-Belarus fell to 365-370 $/t

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