According to market information, after the sharp decline in soybean prices in Chicago, Chinese importers have bought about 240,000 tons of soybeans from the United States and Brazil with deliveries within December - January. More soybeans were bought from Brazil due to the lower prices.
According to Anec, soybean exports from Brazilian ports reached 2.28 million tons in November (2.98 million tons in October and 770,000 tons in November 2020).
In their November report, analysts from Oil World raised their forecast for world's soyoil production in 2021/22 to 61.9 million tons (61.54 in the previous estimate and 59.3 in 2020/21).
In their November report, analysts from the European Commission raised their forecast for soft wheat exports from the EU in 2021/22 to 32 million tons (30 in the previous estimate).
According to an analysis by the University of Illinois, the profitability of ethanol producers in the United States is now beating the seven-year record due to the significant jump in oil prices over the past four months.
