World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina's soybeans showed some movement this week in the new crop market with one cargo  traded at +43 SN for a 15 April position. Meanwhile, Brazil traded some beans for February, primarily CNF at 149-151 SH to China. Additionally, there was some movement on April/May. Soybeans Confirmation of the huge U.S. crop has definitely been bearish for the market. CBOT has been dropping gradually, and nothing could make it rebound. In addition, CBOT basis have been falling as well. Pressure from barges first forced basis lower, while the lack of demand drove elevation down. Chinese crushers have been taking beans but only at a slow pace. This enabled crush margins to improve at destination as Dalian futures were firm despite the weakness o...

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feed-grains soy-oilseeds wheat

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