Chinese importers bought a small number of bulk soybean cargoes on Wednesday for shipment in December and January from the U.S. Gulf Coast and Brazilian ports, analysts and an export trader said. The purchases of around 3 to 4 cargoes, or up to about 240,000 tonnes, came after a sharp drop in prices on Tuesday as benchmark Chicago Board of Trade soybean futures fell nearly 2%. Importers in China, the world's top soy buyer, have booked more Brazilian soybean shipments than normal this year during the traditional fall U.S. soy export season amid high U.S. prices and a stronger dollar.
(Bloomberg) -- Farm commodities plummeted in Chicago, with soybean oil and wheat leading losses as the new virus strain stokes fresh fear of diminished demand. Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransMost-active soybean oil and wheat futures both ended the trading day with the biggest drops since mid-August. Corn declined the most in nearly three mon
Dan Tronchetti received a letter in August that alarmed him: Summit Carbon Solutions, a company he'd never heard of, wanted his permission to conduct survey work for a 2,000-mile pipeline it planned to route through his Iowa corn and soybean fields. The project, dubbed the Midwest Carbon Express, had ambitions to become the world's largest carbon dioxide pipeline, moving climate-warming greenhouse gases from Midwest biofuels plants to North Dakota for permanent storage underground. But Tronchetti's first concern was for his livelihood.