03.
09.20
04:56

CBoT soybeans hit 2 year highs

In the last new trading days, the prices of the CBoT soybeans rose without interruption because the demand for US soybeans from China is very strong.
China is also buying US corn, driving prices across the agricultural complex at the CBoT in Chicago.
Yesterday, Chinese buyers ordered eight shiploads of US soybeans, or a total of 480,000 tons, to be shipped in December 2020 and January 2021.
Traders are now awaiting the USDA's monthly WASDE report to be released on September 11th. This should reflect how big the US harvest will be this year. In the August report, the damage from the storm in early August in the Midwest was not yet taken into account.

Source
Hansa Terminhandel GmbH
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