Prices for soybeans in the United States grew after the recovery of exports to China
the January futures for soybean and processed products rose to its highest August level after an agreement between the US and China to stop the trade war and for the next 90 days to agree on new trade rules among countries.
trump said that China has agreed to immediately resume purchases of U.S. soybeans, but it is unknown whether he will cancel the 25% duty on soybeans from the United States.
on Monday began the growth of soybean prices from the 325,5 to 337,6 $/t, but at the end of the session, they dropped to 331 $/t
pressure On prices fundamental factors. Soybean exports for the week decreased by 7.2% to 1.04 million tonnes, which is 42% lower than in the same period last year. This week the main buyer of soybeans was Argentina, which purchased the 249 thousand tons.
the Intention of China to resume imports of American soybeans hit the price of palm oil, which in Kuala Lumpur on Monday fell by 2% to 480 $/t, as buyers usually prefer soybean oil rather than palm.
palm oil Market remains under pressure from rising inventories and intentions of Indonesia soon to cancel the export tax of palm oil to increase exports after the sharp fall in procurement prices for farmers.
Following the price of soybean oil of Ukrainian sunflower oil has risen by 3-5 $/t to 635-638 $/t for December deliveries.