China Buys To A Greater Extent Than Soybeans
The futures are upwards 12.75 (1.40%) at 920.50.
From AgWeb:
...MORE
Dec 19, 2018
Good Morning from Allendale, Inc. alongside the early on forenoon commentary for Dec 19, 2018.
Grain Markets rest optimistic every bit traders hold off for to a greater extent than confirmed export sales to China. Overnight sales announcements volition live on watched closely at 8:00 AM CST this morning.
World Weather, Inc. volition kicking off our annual outlook series adjacent calendar month alongside an updated hold off at 2019 weather condition prospects. In addition, we'll accept amount cost in addition to primal outlooks for corn, soybeans, wheat, cattle in addition to hogs. Find out more in addition to instruct registered!
Treasury Secretary Steven Mnuchin said that the US in addition to Communist People's Republic of China are making plans to accept meetings inwards Jan to negotiate a broader truce inwards their merchandise wars. He farther added that they are unlikely to accept face-to-face meetings earlier then.
Chinese importers returned to the US soy market on Tuesday for their instant circular of purchases since the 2 countries agreed to a truce inwards their merchandise war, 4 traders alongside cognition of the deals in addition to the US Soybean Export Council said. One trader said Chinese state-owned companies bought xv cargoes, or almost 900,000 tonnes, on Tuesday for shipment from Jan to March, deals that would live on worth to a greater extent than than $300 million. (Reuters)
Rains inwards Argentina are beingness viewed every bit beneficial every bit they are helping to growth reason wet inwards of import soybean areas. The reason wet volition live on of import come upwards Feb when the crop volition live on flowering.
Managed coin funds were estimated buyers of 7,000 corn contracts, 3,000 soybeans, 2,000 soymeal, in addition to 3,500 soyoil inwards yesterday's trade. They were sellers of 2.500 wheat inwards what was probable profits taking....
...MORE
No comments