CBoT soybean prices rise again this morning after falling to its lowest level in two months yesterday. Market participants fear that the introduction of Chinese punitive tariffs, including on soybeans, will hinder US supplies. This limits the price increase.
China is by far the largest importer of soybeans worldwide. Sixty percent of all soybeans traded on the world market are bought by the People's Republic to feed its feed industry.
China's measures mean more soybeans in its inventory and thus lower prices for the US. This is the analysis of the agricultural strategists of the Commonwealth Bank of Australia this morning. Brazilian farmers would be able to deliver more soybeans, and Argentine soybeans will be more expensive as the next harvest should be smaller.
Text: HANSA Derivatives Trading GmbH / Source: Reuters / Graphic: Saxo-Trader 
