US soybean price rises, US may import South American Soybean

Introduction: Chicago, July 8 news: food traders said that due to tight supply, U.S soybean prices on Monday were pushed to the highest level in two years, increasing the probability that the United States, the world's largest soybean exporter, might buy cheap South American soybeans Brazilian and Argentine soybeans cost between $15 and $22 per ton less than American soybeans U.S farmers expect that if the recent hot, dry weather in the Midwest continues, crop growth will be damaged and prices will rise Therefore, there is less supply of old beans now "People will think about the possibility of imports, but there are other issues to consider," said don Roose, a grain analyst at American commodities He believes that the relative quality of South American soybeans is poor, Argentina's economic situation is unstable, and Brazil's level is only relatively light, and the weak dollar is a factor that American Importers need to consider "In September, new beans will be on the market," Roose said He implied that the current supply tension would be eased by then Since last month, with the rise of weather factors, the price gap between the United States and South America began to widen, and there are rumors that the United States will import Once upon a time, when the economic situation permitted, American companies would import cheaper soybeans and soybean meal, and bravely face the outbreak of opposition from farmers Six companies under Wilmington bulk LLC said they had booked 180000 tons of Brazilian soybean meal (author:) share to feed Weibo share to: