Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week.

In the export market for the week ending May 14, sales were stronger as China purchased 737,400 MT of the total 1.2 MMT sold for the week. However, actual deliveries to China are still sluggish, with Brazil seeing most of the orders. China is still struggling to control African swine fever but appears to be committed to shielding consumers from high meat prices and importing grain as necessary to prevent any problems with grain supply.

IQ subscribers, log in to read more.


Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.