Soybeans fall as China cuts imports from U.S.

2019-11-29 23:59:03 GMT (Economies.com)
Soybeans fall as China cuts imports from U.S.

Soybean prices fell on Friday, after China reduced its soy imports from the US, amid the lingering uncertainty over the two countries' trade talks.

 

Weekly US exports of soybeans reached 1.7 million tonnes, more than forecasts of  an increase by 600K to 1.2 million tonnes.

 

The US Department of Agriculture (USDA) reported that China had bought 831K tonnes of soy during the last week, including 466K tonnes from unknown destinations.

 

Markets are still on the lookout for signs of the US-China trade talks, especially after President Donald Trump signed a bill supporting Hong Kong protesters, which has angered China.

 

The signing date for the phase one of the US-China trade deal hasn't been revealed yet, despite recent upbeat remarks from both sides.

 

As for trading, soybeans May's futures lost 0.5% to close at $9.05 per bushel, and hit an intraday high of $9.13 and a low of $9.05.

 
 
 
  Symbol Last Change Chg.%
1.1090
-0.0030
0.2734%
1.3009
-0.0027
0.2087%
Tadawul
8459.80
27.24
0.32%
18.021
-0.083
0.456%
58.778
-0.410
0.694%
65.02
0.40
0.62%
1556.915
-5.780
0.370%
 
 
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