China Grains, Cereal & Legumes insights

Soybean oil futures fell to the lowest in more than three months as top shipper Argentina moved to temporarily scrap export tariffs on the country’s crop cargoes, adding pressure to U.S. soy prices already weighed down by a lack of demand from China. Argentinian President Javier Milei made the bid to bring dollars into the

Chinese buyers ordered at least 10 cargoes of Argentine soybeans after Buenos Aires lifted export duties on the grain on Monday, three traders said on Tuesday. This was another blow to American farmers, already deprived of their main market and suffering from low prices. Argentina's temporary tax measure increases the competitiveness of its soybeans, prompting

Basis bids for soybeans and corn in the U.S. Midwest remained mostly unchanged on Tuesday. Chicago Board of Trade soybean futures edged higher on Tuesday as the market rebounded from a six-week low. Traders said the market was oversold and due for a bounce. Lack of demand from China continued to weigh on the market. According to three traders, Chinese buyers ordered at least 10 cargoes of Argentine soybeans after Buenos Aires canceled export taxes on grain. China, the world's largest importer of soybeans, has not yet bought soybeans from the current U.S. crop amid the trade war with Washington. Instead, Chinese buyers have switched to South American supplies. November soybean futures on the CBOT rose 1 cent to $10.12 per bushel. CBOT December soybean meal futures closed down $2.80 at $277.30 per short ton, while December soybean oil futures rose 0.19 cents to 49.88 cents per pound. "We were a bit oversold on the contracts, especially on soybeans," noted Ted Seifried, chief market ...