Hellenic Shipping News Worldwide - 1/27/2021 2:52:00 PM March soybean futures prices picked up 21 cents/bu since the release of harvest report 1200 GMT and were trading at $13.3488/bu at 1515 GMT Jan. 25. Currently, in the livestock areas of Brazil, corn prices are sitting around an equivalent USD price of $5.50 per bushel. “Even if yields are similar to what the market was expecting, I do think we’re going to start to take some of the top end off the old crop soybeans – not new crop, but off of old crop,” he said. Price in Brazilian Real per Metric Ton. Weight/bushel: 54 lbs/bushel Split: 8%/20% max. March soybean futures finished 14¼¢ higher at $14.01¾. Soybean prices rose recently on the Chicago Mercantile Exchange, driven by the delay in planting the Brazilian crop, among other factors. GrainsPrices, Feb, 06 2021. March soy oil futures closed 0.89¢ higher at 46.52¢ per pound. This was the first weekly decline in soybean prices after many weeks of moving higher. A number of reports released by USDA on Jan. 12 gave rise to prices for a number of commodities, perhaps most notably for soybeans. Jan. soymeal futures closed $7.60 per short ton higher at $405.50. Soybean prices hold near $12 per bushel, which was also driven by adverse weather (storms and drought) in both the US and South America. Cash canola prices have increased about $1.50 per hundredweight (cwt) since December, according to Barry Coleman, executive director of the No…. “But again, the market feeds off of news … and that’s the reason we were down 30 cents today. In 2020, both states were ranked top producer of soybean in their countries. According to consultancy Cogo – Intelligence in Agribusiness, this higher price inside the country than in the ports is unprecedented. Read More . Interactive chart of historical daily corn prices back to 1959. Grain Markets: How Has Trade Concentrated, Diversified? sdsoyprocessors Dollars/Bushel : Dollars/Tonne Converter Grain Please Select Grain Wheat Oats Barley Rye Flaxseed Canola/Rapeseed Corn Faba Beans Soybeans Peas Buckwheat Mustard Seed Canary Seed Sunflower Seed Triticale Beans (White) High prices have led to record soybean profits. THIS IS THE BEST TIME TO BUY BRAZILIAN SOY. March soymeal futures finished $2.10 short term higher at $438.70. Almost 50% of the 2020/2021 harvest has already been sold by the beginning of September. The last week of January saw a lot of volatility on the Chicago Board of Trade (CBoT), and as a result, sunflower prices saw a slight price co…. “It just seems to me like old crop soybeans is getting kind of top heavy. Let’s take the two major states that produce most of the soybeans in Brazil and the United States: Illinois and Mato Grosso. That’s quite a difference between old crop and new crop,” he said. “Argentina is in worse condition, but Brazil has its dry spots too.” Most of the demand for U.S. soybeans is coming from China, Gopal added. The average farm price for the 2020-21 crop year increased 20 cents to $4.20 per bushel. Ontario wheat values have been pulled higher by stronger prices in the United States as U.S. soft red winter wheat stocks drop to historical low levels. Jacimara; 21 Jan 2021 No comment; If you are an importer of soybeans and you are in demand for the Brazilian grain, then this is the best time to start negotiations. According to National Supply Company (Conab), the planted area is expected to grow 3% in the 2021/22 marketing year. Factors suggest that soybean prices in Brazilian will continue to increase, as record exports generated a reduced domestic supply compared to previous years. Conversion Corn Price Price; 1 Bushel ≈ 0,035 m³ Corn Price Per 1 m³ 155.79 USD 1 Bushel ≈ 35,239 Liter Corn Price Per 1 Liter Paraná and Rio Grande do Sul, Brazil’s number 2 and 3 soy producers, had, back in 2017, 180,072 soybean farms — 76% of all Brazilian soybean … Farmers may plant more soybeans in the upcoming growing season. Brazil’s agricultural competitiveness led to record export soybean sales of almost 70 million tons in the first seven months of 2020. In addition to the limited supply in the domestic market, sales for the next crop have increased. A Rabobank analysis suggests Brazil’s production growth will continue over the next ten years as a result of positive farm margins and land availability in Brazil. – DTN 1 Note: Minimum weight to make No.1 Grade. March soybean shed 16.25 cents, or 1.17 percent, to close at 13.695 dollars per bushel. USDA estimates Brazil will have only 82 million bushels (mb) on hand when the current season ends Jan. 31, 2021. 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