CBOT soybeans gain ground as canola tumbles on Chinese import probe
China buys more US soybeans, USDA reports
CBOT corn, wheat futures gain on technical trading
Corn futures see boost from recent dry weather in U.S. Midwest
Updates throughout; adds closing market prices
By P.J. Huffstutter
CHICAGO, Sept 3 (Reuters) -Chicago Board of Trade soybean futures turned higher on Tuesday, at one point reaching a near four-week high, bolstered by export demand, crop condition concerns and news that China plans to launch an anti-dumping investigation into imports of Canadian canola, traders said.
The ICE canola contract for November delivery RSX4 dropped 7% to its daily limit on the news as the move could disrupt trade in Canada's main export market for the oilseed.
Market participants saw the news as an indication that China may seek other oilseed options, such as soybeans and rapeseed, traders said. China's rapeseed meal futures on the Zhengzhou Commodity Exchange CRSMcv1 jumped 6% following the announcement, hitting its highest since Aug. 6.
"There's no doubt the canola story is giving quite a bit of support to soybean futures today," said Karl Setzer, partner at Consus Ag Consulting. "It's that and the fact that we're starting to see Chinese demand for soybeans perk up, even though they're still severely under-bought."
The U.S. Department of Agriculture on Tuesday confirmed private sales of 132,000 metric tons of U.S. soybeans to China for delivery in the 2024-25 marketing year that begins Sept. 1 - the third soybean sale to top buyer China in the past week.
Adding further support, USDA on Tuesday reported U.S. weekly export inspections of 496,860 metric tons of soybeans for the week ended Aug. 29, which was at the high end of analyst expectations .
CBOT's most-active soybeans Sv1 ended the day up 12 cents, at $10.12 a bushel. During the session, they rose to $10.24-1/2 a bushel, the highest price since Aug. 7.
Chicago grain futures gained on technical support and bargain buying, as they resumed trading following Monday's U.S. Labor Day holiday. MKTS/GLOB
Corn futures also were supported by traders expecting theUSDA to report crop ratings turning lower in the Midwest, market analysts said.
CBOT corn Cv1 settled up 8-1/4 cents to $4.09-1/4 per bushel, while wheat Wv1 ended up 15-1/4 cents to $5.66-3/4 a bushel.
Additional reporting by Gus Trompiz in Paris and Peter Hobson in Canberra; Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala, Mark Heinrich, Tomasz Janowski and Aurora Ellis
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
