Chicago Board of Trade soyabean futures rose on Wednesday on an easing of rhetoric in a trade spat between the United States and China, the world's top buyerr of the oilseed, trader said The collision of a cargo ship with a dock on the Parana River in Argentina's grains hub of Rosario, causing a slowdown of activity at the port, further boosted hopes for US export growth.
Soyameal futures also rose on improving export prospects while soyaoil futures eased as traders anticipated a supply glut of soyaoil as processors increase their run rates to meet soyameal customer needs. Soyaoil futures have fallen for four days in a row and hit their lowest level since June on Wednesday. Analysts were expecting a US Agriculture Department report on Thursday morning to show weekly soyabean export sales in a range from 800,000 tonnes to 1.4 million tonnes.
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