U.S. soy exports on the season's highlight

The CBoT soybean prices reach a two-month high today because the demand for U.S. soybeans, and vegetable oils remains strong and drives the price increase.
China buys soybeans in the United States - as usual for this time of year usually - and now heading for the climax of the Exportsaison. Also, the worldwide demand for vegetable oils is very good.
Yesterday, the USDA reported on 516.000 tons by further sales contracts for U.S. beans to China. Price increases in Malaysia for Palm oils and soy beans provide fixed rates in Chicago. Also the Palmölfutures could put in again yesterday and come close to the course-high Monday, as a two and a half Jahreshoch was traded.
The largest U.S. soybean crop at all but capping the rate increases. 2016 is the fourth year in a row that soybean crops achieve new records.
Now Brazil pushes for the offers on China in the foreground and in China large processors want to reduce their bloated inventories. Last week should have four large
Export statements by Brazilian merchants to China for delivery in November and December have come be. Thus, the US market share is dwindling soon.

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