Read also in category "Soy market news":
US Cash Grain Review: Receipts Retreating In Step With Prices
Interior cash grain movement has largely waned this week, commensurate with a corresponding decline in farm-gate prices.
Soybean ending stocks for 2008-09 are likely to be revised downward Thursday when the U.S. Department of Agriculture issues its April supply and demand report.
Brazil should harvest 58.1 million metric tons of soybeans in the 2008-09 crop year, the National Commodities Supply Corp, or Conab, said Tuesday.
Argentina has suspended tax benefits designed to spur local processing of Paraguayan soybeans for re-export, dealing a heavy blow to its northern neighbor where farmers are struggling with a severe drought.
Lowest known offers at 1745 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders:
Premiums and discounts for soybeans at Paranagua port, Brazil, against Chicago Board of Trade quotes.
Free-on-board prices in U.S. dollars per metric ton.
The agricultural survey group of Brazil's Census Bureau, or the IBGE, on Tuesday put the 2008-09 soy crop at 58.5 million metric tons.
CBOT grain futures were lower overnight on pressure from outside markets, while nearby May soybeans ended unchanged, a floor analyst says.
Brazil should harvest 58.1 million metric tons of soybeans in the 2008-09 crop year, the National Commodities Supply Corp, or Conab, said Tuesday.
China's soybean futures traded on the Dalian Commodity Exchange settled higher Tuesday, tracking strong gains in external markets.
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