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The rationale for AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/bu erroneously stated “The soybean CFR China (USG) basis assessment for September shipment was assessed 23 cents per bu lower at a premium of 193 cents per bu over the September CME soybean futures contract in line with the respective FOB assessment, prevailing freight indications […]
Soybean futures on the Chicago Mercantile Exchange fell sharply on Monday July 7 on renewed uncertainty over a US-China trade agreement, which market participants expected on July 3.
Vegoils futures traded broadly in positive territory on Wednesday July 1. In Asia, crude palm oil (CPO) futures rose steadily on higher related vegoils, while soyoil futures rallied on the Chicago Mercantile Exchange amid a drop in US stocks and as US biofuels developments were in focus.