25.
08.23
11:23

Friendly export numbers supported soybean prices

Although soybean oil was in the red yesterday, soybean meal and soybeans were still able to increase noticeably. The increased prices for soybean meal on the CBoT are also reflected in the local spot markets. The national average for GMO-free batches is currently 537 euros/t, three euros more than a week ago. Conventional crushed meal is traded at around 480 euros on a federal average, which is 16 euros/t higher than in the middle of the previous week. The weather in the Midwest is still responsible for the price increase. High temperatures and a lack of precipitation characterize the weather here. Soybean bookings were also significantly better than the analysts had expected. Last week, 1.587 million tons of US beans were sold for export, with China in particular ordering larger quantities. There were no surprises during the field tour of the Pro Farmer Association in Illinois and Iowa, the experts expect average to slightly above average yields per hectare.

Source
VR AGRICULTURAL
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich