Please contact the Client Services team. 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. China bought an astounding amount of U.S. corn last week and some market-watchers believe even more sales are possible, but these historic deals have somewhat overshadowed the fact that domestic export demand for the upcoming marketing year is already on a record pace. 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. Corn is down 50 cents per bushel in two days. "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. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. 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 However, the recent lull in Chinese purchases of US beans has pressured the prices. 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 … 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. 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. 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 is the biggest importer of soybeans (60% of total imports) followed by the European Union, Mexico, Japan and Taiwan. 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. 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. 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. 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. 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. But the trend seems to be changing in recent weeks and China's crushers are seen reluctant to bid for US beans. 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. Black Soyabean Dry Beans China Soybeans Bulk Wholesale Price Organic AD Golden Vast Field (Beijing) Health Technology Co., Ltd. Chicago Soybean saw a decrease in price in three out of four sessions due to declining demand from China. “Soybean price is down 70 cents per bushel in the last two days. China's demand for US soybeans is seen as a key factor for bullish basis prices in 2020. Comparing soybean prices. The World’s Two Largest Soybean Exporters Have Depleted Their Supplies. On May 13 this year, coincident with some fiery presidential tweets expressing frustration with China, soybean prices reached a 10-year low. Meanwhile, the demand from China’s privately-owned crushers is expected to be limited for the US soybeans as well. Drop in Soybean Demand and Prices. Robust soybean demand from China supported soybean future prices, which attained a multi-year high average price in October. By submitting this form you acknowledge that you have read and you agree to our, You must select at least one interest to continue, You are a premium subscriber, we are unable to send you a link to reset password for security reasons., Commodity Prices and Essential Market Data. China's demand for US soybeans is seen as a key factor for bullish basis prices in 2020. Domestic Soybean Prices in China for different origins (1 USD = 6.357 RMB) By continuing to use this site, you agree to our use of cookies. However, recent rains have been a welcome relief for the farmers. 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. [Yes] I would like to receive S&P Global Platts promotional emails. But industry analysts say high costs could trigger a market correction. WinGD 12X92DF GUINNESS WORLD RECORDS™ Most Powerful Marine IC (Otto Cycle) Engine, Austal’s VOLTA Series – Electric-powered High Speed Ferries, Transport Webinar Series – Maritime | Episode 1, SMM Director Claus Ulrich Selbach on the current status of SMM DIGITAL 2021. … Receive daily email alerts, subscriber notes & personalize your experience. Enter your Email ID below and we will send you a link to reset your password. 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. 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. China is also putting pressure on prices by adding to soybean supplies. Access latest petrochemicals news and analysis, conferences and events. The problem, of course, is … Soybean crush margins However, the recent lull in Chinese purchases of US beans has pressured the prices. 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 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. “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. 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. You can easily wholesale quality soybean at wholesale prices on Made-in-China.com. 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. 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. Latest breaking news about the global soybean markets from AgriCensus. Soybean Historical Prices. The Soybean market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. If you have any questions or concerns please contact support@platts.com or click here, Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center. ASF IN CHINA. But the trend seems to be changing in recent weeks and China’s crushers are seen reluctant to bid for US beans. This has declined the demand for various products, resulting in an international price decrease. The delayed planting concerns stoked Brazilian soy supply fears for the first quarter of 2021, supporting limited supplies and high price environment. It’s free and easy to do. Soybeans Price Price; 1 Bushel ≈ 0,035 m³ Soybeans Price Per 1 m³ 388.21 USD 1 Bushel ≈ … China’s soybean industry is heavily reliant on imports and is thus vulnerable to the impact of international soybean prices. This is a change of 12.79% from last month and 48.90% from one year ago. Access latest agriculture news and analysis, conferences and events. Unprecedented demand for corn and soybeans, coupled with unexpected declines in global production, have sent prices racing toward historic heights in recent months. China has weak pricing power on the soybean market. China is heavily dependent on soybean purchases as it processes over 80% of imported beans into animal feed. 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. Meanwhile, the demand from China's privately-owned crushers is expected to be limited for the US soybeans as well. 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. To encourage soybean planting, the Chinese government has introduced some incentives, for example, government subsidies. ton −1 in October 2012, and the fluctuation between the highest and lowest prices exceeded 30%. To continue reading you must login or register with us. The delayed planting concerns stoked Brazilian soy supply fears for the first quarter of 2021, supporting limited supplies and high price environment. 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