Soybean saw something spreading on Monday, which showed 4 to 6 percent profit in the front months and a new crop under 3 and cents in November. The National Front Cash Bean Price of CMDTYVIEW was at 6 st $ 9.27. Soya oil futures ranged from $ 1.80 to $ 5.30/ton, soya oil futures were below 69 points from 98 points.
President Trump has responded to Chinese Vanpper 34% tariff with an additional 50% on Chinese goods if they do not withdraw 34% issued. He gave him the deadline of Tuesday, April 8 to withdraw the tariff.
Commodity Bulletin: From crude oil to coffee, it is equally for professionals and miscreants of the free newspaper industry
The USDA’s export inspection report sent a total of 804,270 MT (29.5 MBU) of Soybean in the week that ended at 4/3. It was just 1.1% below last week, but was 63.5% above the same week in 2024. This was the third largest clan for this week in this week since 2002. China was the largest destination of 341,278 meters, all were sent before 34% retaliator tariff (although it is still 10% duty), with 140,658 MT. The shipment for the marketing year is a total of 41.555 MMT (1.527 BBU), increased by 10.6% from this week last year.
Agrarals have estimated Brazil’s soybean crop, which harvests 88%, with 85% last year.
25 May Soybean Closed at $ 9.83, up to 6 cents,
Cash $ 9.27 was up to 6 cents,
July 25 Soybean Closed at $ 9.97, up to 4 cents,
25 November Soybean Closed at $ 9.81, 3 1/4 cents below,
New crop cash $ 9.19 1/1, 3 cents below,
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