Soybeans: stock ratio should soon increase

January 15, 2020 at 1:57 PM , Der AUDITOR
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CHICAGO. The US soybean market reacted cautiously to today's imminent conclusion of the Phase 1 deal with China. As a result, US trade expects higher exports to China. South America's soybean crops are improving. The cultivation of US soybeans should also increase noticeably in spring. This would increase the lower stock ratio again.

In the USA, the soy market remained very quiet today. In Chicago, US soybeans were traded at 941.25 cents per bushel, that is 1.25 cents higher than yesterday. The US market reacted cautiously to today's imminent completion of the Phase 1 deal with China, as a result of which US traders expect higher exports to China. The question is whether China will buy significant quantities in the USA before the Chinese New Year festivities, which will start on 25 January and finish on 4 February. The Trade does not expect this because China wants to avoid price increases for soybeans as far

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