Current US Soybean Price Indicates Modest Chinese Demand for US Imports

• 全文链接

当前美国大豆价格表明中国进口需求温和

关键词：

来源：

GRO

全文链接：

//agri.nais.net.cn/topic/downloadFile/e027d0d4-7b2a-4bb1-a555-3b9277feeece

来源地址：

https://gro-intelligence.com/insights/articles/current-us-soybean-price-indicates-modest-chinese-demand-for-us-imports

资源所属：

粮食和食物安全专题

类型：

前沿资讯

语种：

英语

原文发布日期：

2020-06-09

摘要：

Gro' s stocks-to-use-based price model indicates market participants see much weaker demand for US soybean exports than the USDA estimated in its May WASDE report. Gro' s Stocks-to-Use vs. Price Model, which is available for users of Gro’s API (see a description of the model on our website), reveals the relationship between US soybean supplies and CBOT futures prices. It produces a linear regression that currently implies the market sees new-crop soybean stocks-to-use at 17.7% based on the $8.76 per bushel CBOT November soybean futures price as of June 9, 2020. That stocks-to-use level is nearly twice the 9.4% level indicated in the May WASDE report.