27.
03.20
06:23

Chinese fear a smaller supply of soybeans

The CBoT soybean futures prices are likely to make their biggest weekly gain (+ 2.5%) in almost six months today. Compared to yesterday's closing price, the price rose 0.45% per hour.
The corona pandemic is restricting soybean production in the world, which China in particular will feel, according to traders in Singapore and Australia. As a result, the weekly gain in soybean futures on the Dalian derivatives exchange in China was even more than 3%.
The Chinese fear that the spread of the corona virus in the major exporting nations will limit deliveries from there. Some oil mills in China have already closed parts of their production lines.

Source
HANSA Terminhandel
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