19.
10.16
07:10

U.S. soybean trade due to good export demand with slight surcharges

Soya prices in Chicago be today morning with slight surcharges, after they yesterday closed with losses. The demand for U.S. soybeans currently very strong. Yesterday, US exporters reported the sale of 706.500 tons of soybeans for delivery during the current marketing year to China. A delegation of Chinese soybean importers signed on Friday in Des Moines, Iowa, agreements for sale of 5.1 million tons of soya beans ($2.1 billion). Fund companies sold yesterday 6,000 lots CBoT soybeans.
The U.S. Department of agriculture reported late Monday evening, 62% of U.S. soybean stocks harvested by 16.10.16. In the previous week, there were 44%. Last year, the ratio at the same time was 73%. The 5-year average of 63%.
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