World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Brazil The Brazilian market had some movement at the beginning of last week, but it then calmed down by Friday due to the news that China and the U.S. were setting a new date for trade war talks. There were good crush margins in China at the beginning of the week when the Dalian futures market opened, and it was possible to hedge Brazilian soybeans. Demand was basically for October and November shipments, which traded at 315X and 330X CNF, respectively. Those Chinese crush margins disappeared by the end of last week, though, with the news of the U.S.-China meeting, and basis quickly dropped in Brazil. November traded at 305X CNF, a 25-cent drop in basis. The political nature of soybean trading these days means trading houses are...

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