CFR China soybean basis hits record low on weaker local demand, bumper Brazil harvest

Capt. John

The CFR China soybean basis hit a historical low after reaching close to the 0 cent/bushel mark on April 10 amid weaker domestic demand and falling negative FOB premiums in Brazil where a bumper soybean crop is expected and selling progression from farmers is seen lagging. Platts, part of S&P...

https://www.hellenicshippingnews.com/cfr-china-soybean-basis-hits-record-low-on-weaker-local-demand-bumper-brazil-harvest/

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