In Brazil, the soybean market keeps focused on the spot. This week there were several trades at levels of +55 SK for Santos and +54 SK for Rio Grande. The lineup in several Santos berths is so low that many buyers prefer to purchase Rio Grande where it is larger. Soybeans Argentina’s new crop soybean production will certainly be above 60 MMT, 2 MMT more than initial estimates, and could reach 62-63 MMT if the initial yield rate is maintained.The final month of crushing for the 2014/15 campaign (April 2015-March 2016) just ended. Last March, Argentina crushed 3.2 MMT for a total of 45.3 MMT. Thus, if 12.3 MMT of soybeans were exported and 2.8 MMT were allocated to feed/seed/residual, the carryout of the past campaign should be around 4 MMT...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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