China Poised to Buy More U.S. Soybeans

China Poised to Buy More U.S. Soybeans

China bought U.S. soybeans for the first time in six months after U.S. President Donald Trump and his Chinese counterpart Xi Jinping met on Dec. 1 and set a 90-day negotiating window to resolve their trade differences.

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MCX Cotton Trend Sideways Trading Zone 20980—23030 levels

Lower cotton shipments from India will allow rivals such as United States, Brazil and Australia to increase cargoes to key Asian buyers such as China and Pakistan, reports said. India is expected to produce more cotton than what is estimated by the Cotton Advisory Board (CAB).

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Soybean Prices to Trade Sideways to Lower: Neal Bhai Reports

Neal Bhai Report on Soybean

According to the data released by SEA, India’s soy meal exports down 32% on year to 59,643 tn in August due to dull demand from major importers. For Apr – Aug, India’s soymeal exports down by 4% on year at 3.72 lakh tonnes. However, there is anticipation of good physical demand for crushing due to expectations over rising exports to China.

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Wheat Crop

Russia’s Wheat Crop Under Threat From Miserable Start to Spring

Gold Silver Reports (GSR) – Russia’s Wheat Crop Under Threat From Miserable Start to Spring – Cold weather in central areas and the Volga valley delayed the resumption of winter wheat growth by about two to three weeks compared with last year, according to the Institute for Agricultural Market Studies, or IKAR. Lingering snow has also given farmers in the world’s top exporter less time to sow spring crops, potentially leading to smaller-than-expected plantings.

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Sugar Makers Slide On Record Production Outlook

Gold Silver Reports – Sugar Makers Slide On Record Production Outlook — Shares of leading sugar manufacturers fall after Indian Sugar Mills Association said yesterday that the country’s output of the sweetener might climb to a record this year.

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