Chicago soybean futures prices soared to a two-week high today in their seventh session in a row. Due to the corona pandemic, there are massive supply problems for grain and oil seeds worldwide.
Traders in Singapore report that the economic standstill of many nations is supporting grain and oilseed prices. However, the price increase is limited.
Soybean deliveries to oil mills are severely hampered by the corona pandemic in Argentina. As a result, soybean meal deliveries for the world market are stalled. The municipalities and municipalities in Argentina have ordered anti-coronavirus controls for the transport of agricultural products, according to the Association of Transport Companies.
Source
HANSA Terminhandel