Soybean Bazaar posted a 1 to 7 percent defeat on Monday, headed by new crop contracts. CMDTYVIEW Cash bean The price was below 1 1/4 cents to $ 10.11 below 1/2. Soyamil The futures were below 20 cents to $ 1.60/ton, as Soy oil Pasabis had 12 to 17 points less.
The data of weekly crop progress from the USDA showed 90% of the US soybean crop at an average speed of 88%. Even at 75%emerging was ahead of normal. The Brugler500 index from 2 points to 372 was 1% to 69% good/excellent.
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The US Treasury Secretary Besant, USTR, and Commerce Secretary are meeting Chinese counterparts in London today for Lonic Business talks.
The USDA’s export inspection report indicated a total of 547,040 MT (20.1 MBU) of soybean shown in that week which ended at 6/5. It was more than 81.5% from last week, which was more than doubled in 2024 the same week. Mexico was the largest destination of 103,691 MT, leading to 92,759 tonnes Mount Japan, and 90,485 tonnes for Egypt. The marketing year shipment has a total of 45.19 mmt (1.66 BBU) in shipment since 1 September, which is 11.5% compared to the same week as previous year.
Chinese soybean imports in May were a total of 13.92 mm, which was twice as per the total from April 2024 and above 10.22 MMT.
July 25 Soybean Closed at $ 10.56, below 1 1/4 cents,
Cash $ 10.11 1/2, below 1 1/4 cents,
25 August Soybean Closed at $ 10.47 3/4, 3 cents below,
25 November Soybean Closed at $ 10.30 3/4, 6 1/4 cents below,
New crop cash $ 9.72 1/4, 6 cents below,
On the date of publication,
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