Chicago Board of Trade soyabean futures fell for the first time in five sessions on Thursday as worries about trade tensions between Washington and Beijing and a lack of new soyabean sales to China weighed down the market. The arrest of Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer cast a cloud over trade talks between Washington and Beijing. Investors are still awaiting confirmation of any US agricultural product sales to China that the White House said were part of the trade truce deal.
CBOT January soyabeans settled down 4 cents at $9.09-1/2 a bushel. CBOT January soyameal ended down $1.70 at $312.20 per short ton and January soyaoil fell 0.13 cent to 28.71 cents per pound. Soyabean gains were capped by expectations for a large South American soyabean crop. Argentine soyabean exports to China could jump to a record 14 million tonnes this season if the trade war between China and the United States continues, the Rosario grains exchange said on Thursday.
The CBOT reported 338 deliveries against its December soyameal futures contract. There were 758 deliveries against December soyaoil futures.
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