콩류 insights

Chicago soybean futures edged lower on Friday, snapping a two-day gain, as strong pod counts from the Pro Farmer crop tour weighed on the market. Prices were still on track for a second straight weekly rise. Wheat and corn futures were also set for weekly gains. FUNDAMENTALS * The most active soybean contract on the Chicago Board of Trade (CBOT) ZW1! was down 0.19% at $10.54 per bushel, as of 0207 GMT. * Corn ZC1! rose 0.24% to $4.12-6/8 a bushel, while wheat ZW1! fell 0.09% to $5.29-2/8 a bushel. * On the final day of the Pro Farmer crop tour, scouts reported Iowa’s corn yield potential and soybean pod counts at their highest levels in at least 22 years. Minnesota also posted its strongest readings for both crops over the same period. * The tour, which ended Thursday evening, covered more than 1,500 fields across seven major producing states. * USDA reported weekly wheat export sales of 722,900 tons, near the top of trade estimates. New-crop soybean sales hit 2.05 million tons, ...

The American Soybean Association (ASA), representing more than 500,000 U.S. soybean farmers, said Tuesday that U.S. soybean farmers are “standing at a trade and financial precipice” and urged the Trump administration to strike a trade deal with China as soon as possible. “U.S. soybean farmers cannot survive a prolonged trade dispute with our largest customer,” said Caleb Ragland, president of ASA, in a letter to U.S. President Donald Trump. China imported an average of 61 percent of the world’s available soybean supplies over the last five years, and China has been the top buyer of U.S. soybeans for years, according to the association. However, China has not purchased any U.S. soybeans for the upcoming months as the harvest season approaches quickly, said Ragland. “The further into the autumn we get without reaching an agreement with China on soybeans, the worse the impacts will be on U.S. soybean farmers,” Ragland said. “Soybean farmers are under extreme financial stress,” he ...

In the state of Rio Grande do Sul, the soybean market remains stalled and storage challenges persist, according to information from TF Agroeconômica. "Prices reported for payment on 29/08 (August delivery) were R$ 141.50 per port. Buyers are looking more strongly at months ahead. In the interior, factory prices followed the guidance of each market. R$ 133.00 Cruz Alta – Payment 29/08. R$ 134.00 Passo Fundo – Payment end of August. R$ 133.00 Ijuí – Payment 29/08 – for factory. R$ 133.00 Santa Rosa / São Luiz – Payment 11/09. Prices at the farm gate in Panambi remained at R$ 122.00 per bag for the producer," comments