Prices for soybeans in the U.S. are rising in anticipation of increased sales to China

on Friday, the stock price of soy has recovered from previous crashes caused the arrest of Vice-President of the company Huawey that can harm the establishment of trade relations between the US and China.

Driver of price growth were the rumors about the intention of the Chinese state-owned companies, Cofco and Sinograin to buy 5 million tons of U.S. soybeans.

More quotes supported the message of the trump of "very good talks".

the January soybean futures in Chicago on Friday rose to second largest for the last 4 months the level of 9.18 $/ bushel or 337 $/t

For the week, export sales of soybeans from USA increased by 41.7% to 890,9 thousand tons, which is significantly supported prices, though inferior to 54% the previous year. The main buyers of soybeans have become Argentina (170 thousand tonnes) and Indonesia (150 kt).

According to AgRural, Brazil's soybean seeded in 96% of the planned area, which continues to put pressure on prices, especially given the possible resumption of imports of soybeans from the U.S. to China.

Due to lower prices Taiwan this week purchased the 7 cargos of Brazilian soybeans, despite a decrease in inventory due to active exports beans to China in the last 6 months.

prices of vegetable oil remained stable due to low oil quotations and sluggish demand.

quotation of soybean oil in Chicago remained at the level of 630 $/t palm oil in Kuala Lumpur – 481,7 $/t

Prices for Ukrainian sunflower oil during the week remained at 630-635 $/t FOB for shipments in December and January.

the Demand for Ukrainian soybeans remains very low. Exporters offer in port 320-330 $/t, processors factory – 9500-10000 UAH/t