Prices for soybeans are growing, despite the increase in world reserves

2019-05-21 12:07:22
Machine translation
Prices for soybeans are growing, despite the increase in world reserves

sharp rise in world soybean production experts Oil World increased compared to the previous report, the estimate of world ending stocks of oilseeds in the 2018/19 season by 1.1 million tonnes to 110.1 million tonnes, 15.8 million tonnes will exceed the level of previous MG.

 

the Ratio of stocks and world consumption will grow from 27.5% in 2017/18 MG to a record 31.9% in 2018/19 Mr.

 

Ending stocks of soybeans in the U.S. will grow to 28.5 million tonnes, which is almost twice the level 2017/18 MG – of 11.92 million tonnes and more than three times the rate 2016/17 MG – of 8.21 million tonnes. the dynamics is related to the ongoing trade war between the US and China.

 

Friday After falling soybean futures in Chicago yesterday recovered to 307,6 $/t due to low sowing rate in the United States caused by strong rainfall.

 

As of may 19, in the U.S. soybeans planted 19% of the area under the expert expectations in the range of 28-30% and in comparison with 48% in average of 5 years. Farmers first sow spring wheat and corn, leaving soybeans on then, because the optimal sowing rate her 1-10 continue until June. Factor in the slow pace of sowing was not yet able to overcome a huge transitional stocks and poor export growth, which worsened the escalation of a trade war with China after the ban trump to use in the U.S. equipment company Huawai.

 

the U.S. Department of Commerce temporarily, until August 19, allowed doing business with the Chinese Corporation Huawai, however this does not affect introduced by the President of the United States a state of emergency in relation to the company. The delay will allow Huawai and partners to ensure the operation of networks and equipment, correct the software in accordance with the existing contracts and agreements.

 

currently, the cooperation with Huawai stopped Google, Qualcomm, Intel, Broadcom and other U.S. manufacturers of software and microchips. However, if the ban is prolonged, you will suffer from it not only Huawai, but the whole world can not rely on a fast spread of the network 5G.

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