At the end of last week, prices on the soybean complex on the CBoT largely stood still. The May contract for soybeans fell by 2.25 US cents to 1,025.00 US cents/bushel (347.51 €/t), while soybean meal prices fell slightly - the May contract lost 0.50 US dollars and was quoted at 304.40 US-$/short ton (308.65 €/t). After a turbulent week, investors held back in order to reposition themselves before the weekend. US tariff policy continues to cause uncertainty among market participants. Although trade tariffs on many agricultural goods were surprisingly lifted, China remains affected, which is putting a damper on the market. Attention is now turning to the Wasde report on Tuesday, which could shed light on the potential impact on foreign trade. Brazil, on the other hand, is benefiting from the trade conflict: according to Cepea, the export premium for March soybeans rose from 50 to 85 cents/bushel - the highest value since 2022. China now covers a large part of its demand with Brazilian soybeans. Around 79% of exports from Brazil go to China.
Source
VR AGRAR
