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Tag Archives: soybean

Soybean Settles Lower As Coronavirus Threatens US-China Phase One Deal

Soybean futures are settling lower on Tuesday as fears that the Wuhan coronavirus outbreak could threaten the US-China phase one trade agreement. Since peaking at $9.56 early last month, soybean prices have been tumbling, and they have not climbed above the key $9 mark in nearly a month. Will 2020 be another roller coaster ride for the agricultural sector? March soybean futures fell $0.0225, or 0.25%, to $8.915 per bushel...

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Soybeans Reverse Skid as US Export Inspections Post Weekly Surge

Soybean futures are trading higher on Tuesday as new US government data show that export inspections posted a double-digit increase from the previous week. It is not too surprising that the Wuhan coronavirus is affecting the agricultural commodity’s performance as investors are bearish on China’s demand for soybeans. March soybean futures rose $0.02, or 0.23%, to $8.79 per bushel at 14:57 GMT on Tuesday on the Chicago...

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Soybeans Extend Skid As Prices Hit One-Month Low on Coronavirus Fears

Soybean futures are extending their losing streak midweek as fears about the Wuhan coronavirus affecting Chinese demand sent the agricultural commodity lower. Should Beijing fail to meet demand levels outlined in the phase one trade deal, the market could soon be flooded with soybeans as both the US and Brazil increase output. March soybean futures tumbled $0.035, or 0.39%, to $8.9125 per bushel at 16:55 GMT on Wednesday...

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Soybeans Slide As Commodity Still Cannot Benefit From US-China Trade Pact

Soybean futures are sliding again on Tuesday, extending their losses despite the US and China signing the first phase of a comprehensive trade agreement. Soybeans prices have failed to log any meaningful games, slumping to one-month lows. Can the agricultural commodity reverse course? Soybean futures fell $0.0825, or 0.89%, to $9.215 per bushel at 13:42 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybean...

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Soybeans Settles Lower Despite US-China Phase One Deal Signed

Soybean futures are setting lower midweek, despite the US and China officially declaring a truce and signing phase one of an overall comprehensive trade agreement. Soybean prices have had a rough start to 2020 on mild uncertainty over Beijing’s planned acquisition of American agriculture with some arguing that it will be hard for the world’s second-largest economy to live up to the agreement’s provisions. March soybean...

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Soybeans Retreat From Latest Surge As China Keeps Import Quotas Unchanged

Soybean futures are retreating from their latest surge on Tuesday after it was reported by local media that China is keeping its import quotas unchanged. While Beijing has pledged to purchase more US agriculture as part of the first phase of a trade agreement, this development throws a wrench into buying plans. The industry is also looking at forecasts that suggest the US will no longer be the world’s top soybean producer. March...

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Soybean Surges to 18-Month High as Chinese Imports Jump After Trade Deal

Soybean futures are trading at their best levels in 18 months as new data revealed that Chinese imports doubled soon after the US and China announced a first phase of a comprehensive trade agreement in October. Is Beijing really going to live up to the provisions inside the deal moving forward? March soybean futures climbed $0.09, or 0.96%, to $9.505 per bushel at 18:02 GMT on Monday on the Chicago...

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Soybean Extends Gains on Expected Finalization of US-China Trade Deal

Soybean futures extended their gains on Tuesday on the expected finalization of the first phase of the US-China trade agreement. Despite the roller coaster ride that soybean prices endured this year, they are on track to finish 2019 higher, giving farmers a little boost to kick off 2020. January soybean futures rose $0.0575, or 0.62%, to $9.2775 per bushel at 19:40 GMT on Tuesday on the Chicago Board...

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Soybeans Rise on Delay in Tariffs, Chinese Waivers Issuance

Soybean futures are rising on Tuesday after it was reported that the US and China are working on a plan to delay the latest round of tariffs that are scheduled to go into effect on December 15. The agricultural commodity is also benefiting from Beijing issuing new tariff waivers as the country imports more US soybeans. January soybean futures rose $0.0425, or 0.47%, to $9.015 per bushel at 13:41 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybeans have rallied more than 3% over...

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Soybeans Flat on Weak Demand, Ample Global Supplies

Soybean futures are trading relatively flat on Tuesday as weak North American demand and ample global supplies have placed a cap on their recent rally. Soybean prices had rebounded and snapped an eight-session skid, a losing streak that added to three-month declines. With US and China still unable to reach a trade agreement, it might be trying times for the agricultural commodity heading into 2020. January soybean futures...

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