International Soybean Market Newsletter

Introduction: 1 On Wednesday, CBOT related agricultural products and palm oil futures in the United States closed: soybean March contract (2005) closed at 576'6 cents, up and down: - 0'2 cents / bushel soybean oil March contract (2005) closed at 21.73 cents, up and down: - 0.02 cents / pound soybean meal March contract (2005) closed at 172.5 US dollars, Up and down: - 3 US dollars / short ton wheat March contract (2005) closed at 316'0 US cents, up and down: 3'4 US cents / bushel corn March contract (2005) closed at 205'6 US cents, up and down: - 1'6 US cents / bushel palm oil March contract (2005) closed at 1360 ringgit, Up and down: 22 "ringgit / ton 2 According to the data released by secex, Brazil's foreign trade department, the average daily income of Brazil's soybean exports as of February 21 was US $20.53 million This month's cumulative average daily export income is 22.231 million US dollars, an increase of 32.9% compared with 16.725 million US dollars in January, and a decrease of 2.9% compared with 22.885 million US dollars in February 2004 3 According to the data of oil world, the output and export registration of animal fat in South America are increasing The export from Brazil, Uruguay and Argentina more than doubled the previous year In 2004, the export reached a record of 106000 tons The export from Canada, Australia and New Zealand also increased year on year, making up the supply gap caused by the insufficient export of the United States 4 Pt perkebunan Nusantara Indonesia sold 4000 tons of crude palm oil (CPO) at the government's twice-a-week auction on Tuesday, according to an official at the agency selling palm oil produced in domestic plantations The price of the auction is 10 rupees higher than that of the previous auction on February 17 PT Astra Agro LESTARI (aali JK) of Indonesia said it sold 5750 tons of crude palm oil (CPO) at auction on Tuesday, and planned to auction 7750 tons 5 Traders said that the Kaohsiung Branch of Taiwan breakfast soybean Purchasing Association (bSPA) will bid for two batches of 40000-60000 tons of American or Brazilian soybeans on Wednesday "The second shipment was announced late last night, and if Brazilian soybeans were purchased, they would come from new soybeans harvested this year," said a Taipei trader 6 According to oil world, the export of G3 soybean oil in January was lower than expected, only 493000 tons, but basically the same level as last year The export of soybean oil to India increased significantly, and the export of soybean oil to EU-25 and North Africa also exceeded the level of the same period last year 7 The following is the U.S No.1 soybean export quotation (unit: US cents / bushel) delivered within 30 days at the U.S port on February 23: Port quotation and yesterday's change: port of Louisiana port 626.75-628.75 rose 1.75 port of Toledo in the Great Lakes region 567.75-568.75 fell 0.25 port of Chicago in the Great Lakes region 566.75-576.75 fell 0.25 According to the data of 592.00.008 of Norfolk port on the Atlantic coast and the Ministry of agriculture of India, the planting area of early spring crops in India this year increased by 1.8% compared with last year, reaching 58866000 hectares, mainly due to the increase of grain and oilseed areas At present, the total area of grain is 36.14 million hectares, 1.4% higher than the same period last year; the area of wheat is reduced by 0.3% to 24.467 million hectares; the area of oil seeds is increased by 9% compared with last year, to 10.111 million hectares Most of the increase came from the rape / Mustard area 9 Argentina's spot soybean prices closed flat on Wednesday, offset by demand from local crushers In Rosario, Argentina's main agricultural product market, soybean prices closed at 460 pesos per ton (about $157) Volume fell to 20000 tons, compared with 35000 tons last day In Rosario port, Soybean prices for May delivery were reported at $153 / 155 per ton and $154 / 155 on Tuesday, with a volume of 30000 tons.10 traders said that Taiwan breakfast soybean Purchasing Association Kaohsiung Branch (bSPA) purchased 60000 tons of us No.2 soybeans from Cargill on Wednesday One trader said that the company canceled the second batch of 40000-60000 us or Brazilian soybeans, because the price is too high, the company plans to re bid for this, but the specific time for re bidding has not been determined