The US soybean markets were mixed. August futures fell slightly by 1.50 US cents to 1004.25 US cents/bushel, while later futures closed slightly higher. Soybean meal fell by US$ 2.30 to US$ 273.90/short ton, while soybean oil gained 37 to 57 points.
Weak export figures had a negative impact: Sales of alternative beans stood at 160,872 tons in the week to July 17 - a decline of around 61% on the previous week. The main buyer was the Netherlands. New bookings for the coming season amounted to 238,816 tons, a 4-week low.
In the by-products segment, soybean meal and oil showed a mixed picture:
Soybean meal also showed subdued export volumes, down from 274,517 tons in total. There was news from China. Around 30,000 tons of soybean meal were ordered from Argentina. Although imports have been permitted for some time, China has so far refrained from importing in order to support its own producers.
In the dry growing regions of Canada, announced rainfall pushed the price down by Can-$ 2.40 to Can-$ 697.70 per tonne in Winnipeg. Rapeseed also fell to €2.75 on Euronext for the November date. The most recent price was €482.50 per tonne.
