23.
11.16
07:43

Strong Chinese demand drives up CBoT soybean rate to 4-month high

The courses of the CBoT soybeans rose today night on a four-month high. China's interest in U.S. shipments is driving courses in the height.
Despite rising prices, there is a tremendously large sales in the spot market between China and the United States. Also the huge weekly USDA Export reports prove that. China's Sojabohnenfutures on the Dalian Futures Exchange yesterday rose 1.6% and exercise buoyancy thus including CBoT classes again.
Private exporters also yesterday confirmed the export of 30,000 tons of U.S. soybean oil to China. There are also first uncertainties in the weather in South America, where the vegetation of maize and soya beans just starts. In parts of Argentina, it will be too dry in December.

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