One week import outlook for Asian soybeans: US soybeans up, buyers exit

Introduction: osterdowjones, Singapore, July 17: according to Asian traders on Wednesday, the rise in US soybean prices makes Asian buyers who intend to buy us soybeans intimidated, which may lead them to turn to South American soybeans in the next week However, as South American soybeans are also rising, boosted by the strength of American soybeans, actual transactions may be rare In addition, due to the uncertain domestic economic prospect, the South American side is very cautious in sales, which also supports the soybean price in South America According to a Hong Kong businessman with an international trade bank, no one is asking for American soybeans now Officials at a press in the Philippines say that although the mill usually buys American soybeans, they are not looking for American soybeans now, even though South American soybeans are also rising The Philippine official said, "we don't think about American soybeans Although South American soybeans are also rising, they are still cheaper than American soybeans." Compared with two or three weeks ago, the selling price of U.S oil soybeans in Asia has risen sharply, which is due to the strong rise of soybean futures price supported by weather and tight spot supply According to an official from a major soybean crushing plant in Taiwan, the U.S Chen bean price for August and September shipment is 130-138 cents per bushel, C & F, on CBOT's November soybean price A week or two ago, the price was 123-124 cents on CBOT's November soybean price Another official in Taiwan said the supply of Chen beans in the United States is tight, but if you buy new beans, the price will be lower In the second half of September, the price of American new beans is about 110 cents per bushel on CBOT's November soybean price, and the price 10 days ago is 100 cents per bushel In Japan, the soybean price has also increased The September shipment price is about 152-155 US cents per bushel on CBOT's November soybean price, CNF Japan Two weeks ago, the price was 142 cents per bushel on CBOT soybeans Us soybeans rose while South American soybeans followed suit on Tuesday, with CBOT soybeans closing higher as weather continued to drive the market higher According to us sources, farmers are still reluctant to sell old beans that are in short supply, but expect soybean prices to continue to rise On Tuesday, CBOT's August soybeans rose 9.75 cents to $5.7975 a bushel, while November soybeans closed up 5.5 cents to $5.3875 According to traders in mainland China and Taiwan, due to the rise of soybeans in the United States, the rising water of soybeans in South America is also rising At present, the price of soybeans shipped in September is 110-112 cents per bushel on the price of CBOT soybeans in November Last week, Taiwan's bSPA bought 99 cents per bushel of South American soybeans for the September shipment A trader in Tokyo said Japanese mills were reluctant to buy at current prices The pressing plant has completed the purchase of Chendou Some other manufacturers have finished purchasing the soybeans needed in September, so the next step is to purchase the parts in October He added that Japan imports about 400000 tons of soybeans a month But Taiwan will be looking for a few American soybeans this week On Friday, Taiwan's local state-owned company, Taiwan Sugar Company, will bid for 20000 tons of us soybeans and 15000 tons of US corn, which will be shipped in August (author:) share to feed Weibo share to: