Core Insights - The global soybean market is stabilizing amid signs of easing US-China trade relations, with Brazilian soybean prices now lower than US counterparts, prompting Chinese importers to accelerate purchases of Brazilian soybeans [1][2] - Recent trade talks in Kuala Lumpur between the US and China have led to preliminary agreements on key economic issues, positively impacting soybean futures prices in Chicago [1] - Brazilian soybean prices have increased across major production areas, driven by a strong dollar and demand from China, indicating potential competitive pressure on Brazilian exports if US-China agricultural trade resumes [2] Group 1 - The Chicago Board of Trade (CBOT) soybean futures saw a nearly 1% increase, reaching a 15-month high, with a cumulative rise of nearly 6% since mid-October [1] - Brazilian soybean quotes have dropped below those of US soybeans, with December shipments priced at a premium of 225 to 230 cents per bushel compared to 240 cents for Gulf Coast shipments [1] - Chinese buyers have recently ordered approximately 10 batches of Brazilian soybeans for December shipment and another 10 batches for March to July 2026 [2] Group 2 - In October, the price index for 60 kg bags of soybeans in Brazil's major production areas rose, with Paraná state increasing by 4.68% and Mato Grosso state by 7.9% [2] - As of October 31, the price for a 60 kg bag of soybeans was 129.50 reais (approximately 170 RMB) [2] - The demand for diversified soybean supply sources from China is expected to provide stable market opportunities for major South American producers in the long term [2]
【环球财经】南美大豆升贴水报价回落 中国进口商加购巴西大豆
Xin Hua Cai Jing·2025-11-04 11:38