China’s “Spot” Soybean Crushing Margin Continued Higher on 8.5-Year High in Domestic Soyoil Price.
Summary: As of Feb 25, China’s “spot” soybean crushing margin was 391 Yuan/MT, up 72 Yuan from the previous week. However, the “forward” margin was 251 yuan/MT, down 73 Yuan. The forward margin is 205 Yuan above what it was a year ago. Domestic soyoil’s price jumped 6.6% in the past week. This sets a new…
Brazilian Precip & Export Cancellations Pressure Ag Markets
AgResource Farm Marketing Advice for Thursday: 1/ Soybean Producers: We are net long 100% of the 2020 soybean crop through a 20% cash long and 80% futures repurchase. Take profits on 40% in May futures at $14.40. ** Should be filled, however we understand that not all clients trade in the overnight session. Use a…
Weekly Global Crop Exports
Click here to view the data Sir/Ms: Attached is a table that provides estimates of the latest weekly shipments of wheat, corn and soybeans from principal exporters. Soybean exports were up 406,000 MT from the previous week and cumulative exports are up 8.3% from a year ago. USDA projects global soybean exports to be up…