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Agriculture Update: The Soybean Market Is Hot


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Global soybean market affected by increased demand and low crop production
Soybean futures prices have reached their highest level in four years due to a lower than expected US crop, South American dryness, and heightened global demand. La Niña has contributed to the driest South American planting season in 40 years and demand from China continues to grow.
These factors helped drive benchmark North American Soybean futures Q4 2020 volumes up 21% YoY, setting an open interest (OI) record of 1.1M contracts on October 22, 2020. The difference in market fundamentals between North and South American soybeans can be seen in the inter-commodity spread across the benchmark contract deliverable on the Illinois River and the new South American Soybean futures contract priced at the Brazilian port of Santos. South American Soybean futures OI has surpassed 700 contracts as customers look to trade the spread between these two contracts. ....

United States , Tarso Veloso , Ted Schroeder , Kansas State University , South American , North American Soybean , Illinois River , South American Soybean , South American Soybean Futures Contracts , South America , Latin American , Pork Cutout , Cutout Futures , Hedge Wholesale Pork , ஒன்றுபட்டது மாநிலங்களில் , டார்சோ வேலோசோ , டெட் ஸ்க்ரோடர் , கன்சாஸ் நிலை பல்கலைக்கழகம் , தெற்கு அமெரிக்கன் , வடக்கு அமெரிக்கன் சோயாபீன் , இல்லினாய்ஸ் நதி , தெற்கு அமெரிக்கன் சோயாபீன் , தெற்கு அமெரிக்கன் சோயாபீன் எதிர்காலங்கள் ஒப்பந்தங்கள் , தெற்கு அமெரிக்கா , லத்தீன் அமெரிக்கன் , போர்க் வெட்டி எடு ,