Browsing Tag

Soyabean

Massive soyabean defaults loom as China buyers play hard-ball

April 22, 2014 Chinese buyers may default on a further 1.2 million tonnes of soyabeans worth about $900 million being shipped from the United States and South America, to avoid incurring huge losses in a depressed local market, the country's top soya buyer said. The hard-line approach taken by Chinese buyers raises the possibility that more cargoes could be dumped into the market, after buyers walked away from at least 500,000 tonnes of shipments in recent weeks. Trading firms mostly…

Soyabean export premiums flat

November 21, 2013 Soyabean export premiums at the US Gulf Coast were mostly unchanged on Tuesday amid routine demand, while corn premiums were steady with a firm tone, traders said. Nearby premiums were unquoted as November and December loading capacity at the Gulf was effectively sold out. Top soyabean importer China was in the market for January and February shipments, including from Brazil, whose harvest normally begins by February. Newly planted soyabean crops are off to a good…

US Midwest soyabean bids steady to firm

October 25, 2013 Spot basis bids for soyabean were steady to firm around the US Midwest on Wednesday, with dealers at processors boosting their basis to try and drum up harvest supplies while elevator dealers left their bids mostly unchanged. Sales from farmers were spotty despite the ongoing harvest of what is expected to be a large crop. Cash bids for corn were mixed, rising by as much as 13 cents a bushel in Decatur, Illinois, but falling by 5 cents a bushel in Blair, Nebraska.…

US MIDDAY: soya turns higher

October 25, 2013 Chicago Board of Trade (CBOT) soya futures bucked seasonal harvest pressure in the United States and turned higher on Thursday after the release of export data showing huge US exports of soyameal. Corn turned weak on seasonal harvest pressure but declines were slowed by big exports of US corn. Wheat eased on technical selling and profit-taking but continued to find underpinning from harsh weather in Argentina, Australia and the Black Sea that was seen trimming wheat…

Soyabean lower October 24, 2013

October 24, 2013 US soyabean futures turned lower on Tuesday on active harvesting of the US soyabean crop and persistent reports of better-than-expected yields. Corn also eased on seasonal harvest pressure and big yields, while wheat turned up on bargain buying and a partial reversal of the technical downturn that occurred during Monday's trading session. A lower US dollar index and strong gains in gold limited the slide of corn and soya and helped boost wheat futures. A weak dollar…

US MIDDAY: soya turns lower

October 23, 2013 US soya futures turned lower on Tuesday on active harvesting of the US soya crop and persistent reports of better-than-expected yields. Corn eased on seasonal harvest pressure and spillover from falling soyabeans, while wheat turned choppy in two-sided dealings after a technical downturn during Monday's trading session. At 9:44 am CDT (1444 GMT), Chicago Board of Trade (CBOT) November soyabeans were down 8-1/4 cents at $12.95-1/2 per bushel, December corn was down…

US MIDDAY: soyabean harvest 45 percent complete, corn 31 percent

October 16, 2013 Mostly dry conditions allowed US farmers to forge ahead with the harvest of soyabeans and corn in the last week, with progress in soyabeans approaching the halfway point, analysts said. The soyabean harvest was 45 percent complete as of Sunday, according to a Reuters poll of 14 analysts. The estimates ranged from 35 to 72 percent. The corn harvest was 31 percent finished, according to the average of 12 analysts. The estimates on corn harvest progress ranged from 25 to…

Indian soyabean, soyaoil drop on profit-taking

October 13, 2013 Indian soyabean and soyaoil futures eased on Friday after hitting their contract highs on profit-taking driven by losses in overseas prices and a strong rupee, though thin supplies in spot markets limited the downside. Malaysian palm oil futures eased on Friday due to profit-taking after five days of gains, with trading seen range bound as the focus shifts to US lawmakers who are struggling to reach a deal to avert a possible sovereign default next week. "Traders are…

Soyabean export premiums hold firm

October 05, 2013 Soyabean export premiums at the US Gulf Coast were steady to firm on Thursday, with nearby values underpinned by limited near-term export loading capacity and deferred offers supported by strong demand forecasts, traders said. South American soyabean offers for shipments through the end of the year were very limited, leaving the United States as the sole large volume supplier in the near term. Brazilian soyabean offers for February and March shipments were not well…

Soyabean export premiums hold firm

October 05, 2013 Soyabean export premiums at the US Gulf Coast were steady to firm on Thursday, with nearby values underpinned by limited near-term export loading capacity and deferred offers supported by strong demand forecasts, traders said. South American soyabean offers for shipments through the end of the year were very limited, leaving the United States as the sole large volume supplier in the near term. Brazilian soyabean offers for February and March shipments were not well…

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