World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Brazil The South American soybean market was very active again last week. Despite rising CBOT futures and basis levels, demand from China remained strong. Their need to procure soybeans to cover positions forced Chinese buyers into the market for nearly all shipment months. They were especially active from March to July as they were largely uncovered for these months before last week. Almost all the movement was in Brazil, the only relevant supplier in the first half of the year. At the beginning of last week, April and May shipments traded at +172-173K CNF and +175K CNF, respectively. By week’s end, however, the market had increased 10 cents/bushel after following CBOT futures higher before their drop on Friday afternoon...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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