international oilseeds market updates:

11-Dec-2024 08:57 AM

international oilseeds market updates:
U.S. Soybean Market
No change to the U.S. soybean balance sheet in the USDA report.
Cash average price revised down by $0.60 to $10.20 per bushel.
Global Soybean Market
Global carryout increased by 0.13 MMT to 131.87 MMT.
Brazilian production remained steady at 169 MMT.
Argentina production rose by 1 MMT to 52 MMT.
Trade and Exports
Brazilian exports: ANEC estimates December soybean exports at 1.57 MMT, up by 0.33 MMT from earlier projections.
China imports: Imported 7.15 MMT of soybeans in November, bringing year-to-date imports to 97.09 MMT, a 9.4% increase compared to last year.