2020/21 OUTLOOK SOYBEANS Global soybean production in 2020/21 is forecast to surge to 362.8 million tons, up 8 percent from the 2019/20 estimate and 2.5 million tons above the 2018/19 record. Two factors are driving this increase: a rebound in plantings and yield in the United States and record area forecast in Brazil. Combined, Brazil …
Tag archives: PM
Panamax May 20 Morning Technical Comment – 240 Min
Wheat Extends Losses to March Lows on Record Global Stockpiles
Wheat futures in Chicago were on track for the lowest close in almost two months after the U.S. Department of Agriculture predicted record global supplies, topping analyst expectations. Corn fell and soybeans were flat. Wheat prices dropped for a fourth day, the worst losing streak since the middle of April, as the agency said world …
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China Increases 2019-20 Soybean Import Forecast to 91m Tons
China boosted its estimate for soybean imports for the current marketing year to 91m tons, citing better crushing profits and the implementation of the phase-1 trade deal with the U.S., according to China Agricultural Supply and Demand Estimates (CASDE). * That’s 3.32m tons higher than last month’s projection SOYBEANS * China’s 2020-21 soybean imports are …
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Panamax May 20 Morning Technical Comment – 240 Min
Aussie Pressured by Fed’s Push Back and China Beef Ban
Aussie Pressured by Fed’s Push Back and China Beef Ban The Australian dollar briefly rose above its 100-day moving average again this week in what appears to be a false break after Federal Reserve officials pushed back on the notion of negative U.S. rates. The currency had been stuck below the rolling gauge since January …
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China imports more energy products, soybeans in January-April
China imports more energy products, soybeans in January-April China, the world’s leading energy and food importer, bought more crude oil, natural gas and soybeans in the first fou r months of the year, customs data showed. The country imported some 170 million tonnes of crude oil in the period, up 1.7 percen t year on …
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Panamax May 20 Morning Technical Comment – 240 Min
Panamax May 20 Morning Technical Comment – 240 Min
China’s tariff threats on Australian barley force farmers to pause mid-planting
China’s tariff threats on Australian barley force farmers to pause mid-planting Australian grain farmers have stopped sowing barley mid-stream in some paddocks as they brace for lower prices and the prospect of losing a major market in a brewing trade storm. At the weekend, farmers were told by Australian grain groups that China was proposing …
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China’s April Soybean Imports Fall to Lowest in Five Years
China’s April Soybean Imports Fall to Lowest in Five Years Soybean imports by China fell 12% in April from a year earlier on delayed loadings from top supplier Brazil and as the coronavirus pandemic hurt demand from restaurants. * The country shipped in 6.7 million tons in April, compared with 7.6 million tons in the …
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