Argentine soybeans are being offered at around 30 SN for July and August, but demand has disappeared because Chinese buyers seem to believe that there will eventually be cheaper offers. Meanwhile, the Uruguayan soybean market appeared to be heating up last week. Soybeans A large Argentine soybean crop of 60 MMT is starting to pile up at ports because of the present quiet demand from China. Argentina's exporters are extending many offers for July and August, but China's buying interest has been reduced lately by poor domestic crush margins. Below are recent Chinese soybean imports from Argentina, Brazil and Uruguay:
April: 9 MMT May: 9.1 MMT June: 8 MMT (estimated)
Argentine soybeans are being offered at around 30 SN for July and A...
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We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
