U.S. soybean market, farmers' sales accelerated, and the base fell sharply
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: in the Midwest market of the United States, the soybean base price fell sharply, because the growers began to speed up the sale of spot goods in response to the rising soybean price In the inland region, the average decline of soybean base price reached 20 cents Over the past month, futures prices have risen by more than 110 cents a bushel, and growers have changed their mindset of reluctant to sell grain and started to actively sell grain, grain traders said US Gulf soybean's CIF basis offer also fell sharply, down 10 to 13 cents from Friday This is due to the availability of commercial channels Chicago soybean futures closed higher, rising 18.00 cents to 615.50 cents a bushel in March and 17.50 cents to 622.00 cents a bushel in May The increase was due to dry and light rain in southern Brazil over the weekend, raising concerns about further damage to Brazilian soybean production
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