11.
07.23
11:13

US soy: 51% in good condition

Soybeans, soybean meal and soybean oil rose sharply again yesterday after Friday's setback. In particular, market participants are speculating on bullish signals in the July WASDE published tomorrow evening. Since the acreage in the quarterly report has already been corrected downwards, the forecasts for the US harvest should also be adjusted downwards and the drought in many cultivation areas, which was recently alleviated by precipitation, is also reflected in the figures. According to the USDA, the most recent rainfall was not sufficient to sustainably reduce drought stress. 51 percent of the stocks are rated good or very good, which corresponds to an increase of only one percentage point compared to the previous week. A value of at least 52% was assumed in advance. Soybeans on the CBoT are up again very significantly before the market today. Soybean meal is also increasing noticeably again. Only the signs for soybean oil are red today. Soybean oil benefited primarily from announced cuts in palm oil production in Malaysia.

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