There were some speculations among market participants that China's state-owned crushers could resume buying US beans after the US Presidential elections, but views differed. The Soybean market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. According to market sources, China's private crushers' demand for US soybeans could be less than 2 million mt for December and January. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead. Although late plantings may cause potential harvest delay in Brazil, it is expected to have minimal impact on Chinese buyers as the Asian nation has already secured 90% of its February soybeans demand from Brazil, with 5.5 million mt booked in advance, according to sources. … To continue reading you must login or register with us. Find Historical End-of-Day Soybean prices on the Price History page. [Yes] I would like to receive S&P Global Platts promotional emails. Soybean prices lost ground in the last few sessions as a drop in purchases by Chinese crushers, a second coronavirus wave in Europe and Americas, coupled with recent rains in Brazil weighed on sentiment, market sources told S&P Global Platts. If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Latest breaking news about the global soybean markets from AgriCensus. China is again expected to break its own record for soybean imports this season, with the USDA projecting 100 MMT (million metric tons) of soybean imports and … “Despite the ambiguity surrounding buying target linked to the Phase 1 trade deal, Chinese crushers may have already finished buying their quota of US soybeans for the current season, ” a Shanghai-based agriculture commodities broker said. China is also putting pressure on prices by adding to soybean supplies. The announcements of lockdown and looming economic uncertainties have triggered a selloff in global commodities in the past couple of days, an Illinois-based commodities trader said. You can easily wholesale quality soybean at wholesale prices on Made-in-China.com. Brazilian soybean farmers have managed to plant 23% of the total estimated area until Oct. 22, against 8% a week earlier, according to the report from agricultural consultancy AgRural. This has declined the demand for various products, resulting in an international price decrease. Soybean Prices Hit Four-Year High As China Demand Ticks Up Tyler Durden Thu, 11/05/2020 - 21:20 Chicago soybean futures rose to a four-year high on Thursday morning, as dry weather in South America and increasing demand from China supported prices. Enter your Email ID below and we will send you a link to reset your password. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. "Despite the ambiguity surrounding buying target linked to the Phase 1 trade deal, Chinese crushers may have already finished buying their quota of US soybeans for the current season, " a Shanghai-based agriculture commodities broker said. China is the biggest importer of soybeans (60% of total imports) followed by the European Union, Mexico, Japan and Taiwan. Jumbo’s HLV Fairpartner transporting 10 TPs in one go! However, recent rains have been a welcome relief for the farmers. However, China's spot soybean price on the Dalian exchange has fallen 3% since Friday's close, only partly due to rain in Brazil's forecast. For more info go to our Cookie Policy, Yara Marine Technologies drives towards shore power, Suez Canal Containers aims to invest $60M during 2021, MacGregor secures contract to supply 36 traction winch systems, Rising exports eat into already tight U.S. corn, soy stockpiles: USDA, US 2021 coal production estimates rise 9.3% on year: EIA, Guide for Carriage of Hazardous Materials, Subscribing I accept the privacy rules of this site. While SOYBEX CFR China, an S&P Global Platts assessment, shed $10/mt between Oct. 27 and Oct. 29 to fall to $489.98/mt, CBOT January futures dropped 2.63% at Asian close in the same period. Corn is down 50 cents per bushel in two days. Brazilian soybean farmers have managed to plant 23% of the total estimated area until Oct. 22, against 8% a week earlier, according to the report from agricultural consultancy AgRural. Brazilian soybean planting for 2020-21 had one of the slowest starts in a decade due to an extensive dry weather engulfing the primary oilseed producing regions between September and mid-October. Access latest gas news and analysis, conferences and events. “Soybean price is down 70 cents per bushel in the last two days. Chicago Soybean saw a decrease in price in three out of four sessions due to declining demand from China. Receive daily email alerts, subscriber notes & personalize your experience. ASF IN CHINA. China Soybean Price - Select 2020 Soybean Price products from verified China Soybean Price manufacturers, suppliers on Made-in-China.com. In December 2020, soybean imports to China amounted to approximately 3.27 billion U.S. dollars, down from around 3.89 billion U.S. dollars in the same period of the previous year. China's demand for US soybeans is seen as a key factor for bullish basis prices in 2020. Unprecedented demand for corn and soybeans, coupled with unexpected declines in global production, have sent prices racing toward historic heights in recent months. Major cities of China are under a lock for over 20 days. Brazil March cargoes have been offered at CFR China for over 70 cents/bu ($25.73/mt) discount to US Gulf January shipment, according to Platts data. As soon as the latest … CFR China soybean price rose nearly 43% to its highest level of $500.45/mt between April 28 and Oct. 27, according to Platts data. The resurgence of COVID-19 cases around the world has also fanned bearish sentiment in the soybean market recently. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. They are the fourth largest producer, though still a tiny one producing just 16 million metric tons per year. USDA estimates that, at 4.54 billion bushels produced last year, a drop in average price per bushel from $9.33 in 2017 to $8.60 in 2018 translates to losses for U.S. soybean farmers of $3.3 billion. For 2020-21 marketing year, US soybean export inspection volumes, as of week ended Oct. 22, were seen at 14.34 million mt, compared with 8 million mt a year ago, with majority of the shipment destined to China. This is a change of 12.79% from last month and 48.90% from one year ago. But the trend seems to be changing in recent weeks and China's crushers are seen reluctant to bid for US beans. if the 5th attempt fails, the account will be locked for 30 minutes, Please use only English characters (A-Z, a-z), You already have an account, Please log in or reset password. Source: Platts, Soybean prices slide on China’s demand pause, COVID-19 resurgence: sources, Online Daily Newspaper on Hellenic and International Shipping, This site uses cookies to enhance your user experience. Lower soybean production may provide a further boost for prices which have already risen significantly recently on growing demand from China and prices rising to … Soybean crush margins US $1.00-$1.20 / Kilogram 25.0 Kilograms (Min. Soybean Historical Prices. Access latest coal news and analysis, conferences and events. China has weak pricing power on the soybean market. Black Soyabean Dry Beans China Soybeans Bulk Wholesale Price Organic AD Golden Vast Field (Beijing) Health Technology Co., Ltd. For more data, Barchart Premier members can download historical Intraday, Daily, Weekly, Monthly or Quarterly data on the Soybean Historical Download tab, and can download additional underlying chart data and study values using the Interactive Charts. Drop in Soybean Demand and Prices. Soybeans Price Price; 1 Bushel ≈ 0,035 m³ Soybeans Price Per 1 m³ 388.21 USD 1 Bushel ≈ … Meanwhile, the demand from China’s privately-owned crushers is expected to be limited for the US soybeans as well. Access latest agriculture news and analysis, conferences and events. Please use the button below and we will bring you back here when complete. China’s demand for US soybeans is seen as a key factor for bullish basis prices in 2020. However, the recent lull in Chinese purchases of US beans has pressured the prices. Please contact the Client Services team. Daily soybean market commentary and soybean prices for China, US, Brazil, Argentina and Europe. Order) Soybean Meal Price - Select 2021 high quality Soybean Meal Price products in best price from certified Chinese Soybean Milk Maker manufacturers, Organic Soybean Meal suppliers, wholesalers and factory on Made-in-China.com Access latest petrochemicals news and analysis, conferences and events. Robust soybean demand from China supported soybean future prices, which attained a multi-year high average price in October. Soybean prices lost ground in the last few sessions as a drop in purchases by Chinese crushers, a second coronavirus wave in Europe and Americas, coupled with recent rains in Brazil weighed on sentiment, market sources told S&P Global Platts. It’s free and easy to do. Access latest power news and analysis, conferences and events. China’s soybean industry is heavily reliant on imports and is thus vulnerable to the impact of international soybean prices. Comparing soybean prices. Soybean prices slide on China's demand pause, COVID-19 resurgence: sources, Market Movers Asia Feb 8-12: Myanmar energy investments in the spotlight amid coup, Stainless producer Aperam reports strongest Q4 profit in three years, positive Q1 outlook, Fuel for Thought: Biden moves fast on US oil and gas campaign pledges, China's crushers booked majority of demand till Jan. With sagging demand for US beans by China in coming weeks, November soybean futures are expected to fall further and hover in the range of $10.40/bu – $10.60/bu in coming days, analysts said. “Bringing in U.S. beans to China, at this price, means you lose money.” Sources did not give the numbers of deals cancelled or likely to be washed out. Your registration is complete and your account is active. Domestic Soybean Prices in China for different origins (1 USD = 6.357 RMB) The World’s Two Largest Soybean Exporters Have Depleted Their Supplies. Brazilian soybean planting for 2020-21 had one of the slowest starts in a decade due to an extensive dry weather engulfing the primary oilseed producing regions between September and mid-October. For 2020-21 marketing year, US soybean export inspection volumes, as of week ended Oct. 22, were seen at 14.34 million mt, compared with 8 million mt a year ago, with majority of the shipment destined to China. The delayed planting concerns stoked Brazilian soy supply fears for the first quarter of 2021, supporting limited supplies and high price environment. Brazil March cargoes have been offered at CFR China for over 70 cents/bu ($25.73/mt) discount to US Gulf January shipment, according to Platts data. The projected U.S. season- average farm price for soybeans is raised 55 cents to $9.80 per bushel in response to recent price strength as strong demand by China and concerns over dry weather in South America lead to a tighter global supply situation. CFR China soybean price rose nearly 43% to its highest level of $500.45/mt between April 28 and Oct. 27, according to Platts data. China's demand for US soybeans is seen as a key factor for bullish basis prices in 2020. US Soybean Price is at a current level of 576.30, up from 510.94 last month and up from 387.05 one year ago. So far, China's domestic soybean price near $15.95 per bushel shows no sign of coming down, so it seems reasonable to expect more sales on the way. The resurgence of COVID-19 cases around the world has also fanned bearish sentiment in the soybean market recently. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. China Soybean manufacturers - Select 2021 high quality Soybean products in best price from certified Chinese Bean manufacturers, Soy Bean suppliers, wholesalers and factory on Made-in-China.com Access latest shipping news and analysis, conferences and events. On May 13 this year, coincident with some fiery presidential tweets expressing frustration with China, soybean prices reached a 10-year low. To encourage soybean planting, the Chinese government has introduced some incentives, for example, government subsidies. With sagging demand for US beans by China in coming weeks, November soybean futures are expected to fall further and hover in the range of $10.40/bu - $10.60/bu in coming days, analysts said. Meanwhile, the demand from China's privately-owned crushers is expected to be limited for the US soybeans as well. There were some speculations among market participants that China’s state-owned crushers could resume buying US beans after the US Presidential elections, but views differed. Access latest oil news and analysis, conferences and events. Robust soybean demand from China supported soybean future prices, which attained a multi-year high average price in October. This price is $1.45/bu above the August forecast of $8.35/bu. “So we either have to feed the pigs here, or we ship the soybeans there where they get fed, but China’s appetite right now is back and it’s very strong, so most of our beans just keep heading west,” she said. Access latest metal news and analysis, conferences and events. Additionally, large backwardation between US January soybeans cargo and Brazil new crop beans hampered nearby demand, and was pushing soy demand to deferred months, enabling big discount on Brazilian new crop beans. 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