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Published on 17/12/2018 18:10
Chicago operators are still waiting to improve the Chinese demand for American soybeans, estimate sales between 5 and 8 million tons between December and January, but already working with a slower evolution of shopping
Jack Scoville – Analyst at Price Futures Group
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Interview with Jack Scoville – Price Futures Group Analyst on the Closure of the Soybean Market
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Monday (17) was a positive day for soybean trades on the Chicago Stock Exchange (CBOT). Jack Scoville, an badyst at Price Futures Group, says the market is waiting for other purchases.
Jack Scoville, an badyst at Price Futures Group, says the market is waiting for other purchases. by China on the North American market in the coming days. It is estimated that demand will be between 5 and 8 million tons for the next two weeks
A resolution is also expected in the trade relations between the two countries, little has been heard after the conversation of the presidents of the G20.
On the other hand, it is estimated that Brazilian production reaches 130 million tons.
In the short term, Scoville does not observe prices higher than 9.50 USD / bu in the CBOT
By: Aleksander Horta and Izadora Pimenta
Source:
Agricultural News
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