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Chinese buyers cancel soybean shipments in Latin America due to bird flu and poor demand

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  • Chinese buyers cancel soybean shipments in Latin America due to bird flu and poor demand

    Translation Google

    Chinese buyers cancel soybean shipments in Latin America due to the profit impact of poor demand

    March 14, 2014 Friday 10:42 BJT

    Reuters Singapore / Beijing March 13 - two industry sources said, China soybean importers canceled up to 600,000 tons of soybeans in South America from March to May shipment cargo, due to bird flu and China crush margins are negative, limiting needs.

    The source said that buyers are negotiated with suppliers to postpone or cancel more cargo.

    "At present, China has a large supply of soybeans," said a trader in Singapore to attend an industry conference in the local space representation. "They canceled the Panamax cargo of 10 batches, 30 batches wish to cancel cargo."

    God oilseed trading company Shanghai Kai Investment Company Investment Manager Gao Yan Bin said that as crush margins are negative, so being negotiated postponed several groups of soybean shipments problems.

    Gao Yan Bin confirmed that Chinese buyers canceled from 500,000 to 600,000 tons of soybean in Brazil cargo.

    "Livestock raising demand is very weak, the impact of bird flu in poultry demand, pork replenish reserves low," said Gao Yan Bin. "Because they expected a loss in 400-500 yuan per ton (U.S. $ 65-82), so they no longer need these cargoes."

    Market watchers have long expected that China will cancel some U.S. purchase agreement, Yin Baxi and Argentina supply low price.

    But on the part of the Brazilian market has not digested the expected orders may be canceled. "This will bearish South American soybean spot prices," the first trader said.

    Chinese imports for feed grains (mainly corn and soybean meal) decreased due to decline in meat prices, and because of bird flu. (End)

    (Compiled Li Shuang revision crown in)

    zhttp://cn.reuters.com/article/chinaNews/idCNCNEA2D03320140314
    "Safety and security don't just happen, they are the result of collective consensus and public investment. We owe our children, the most vulnerable citizens in our society, a life free of violence and fear."
    -Nelson Mandela

  • #2
    Re: Chinese buyers cancel soybean shipments in Latin America due to bird flu and poor demand

    Translation Google

    Beans rumors China canceled orders continue to be weak

    Kui Heng Network News (Source: financial) 2014-03-17 15:25:24   

    Recent market on China to cancel the order message soybean mass of swirling, there are reports that China may cancel up to 600,000 tons of soybeans in South America, which in March soybean shipment scheduled to May. Traders said the Brazilian port of shipment focus is shifting to corn, but also enhance the credibility of these rumors. Analysts pointed out that China's domestic soybean processing profits decline, high port stocks, coupled with the weak performance of China's latest economic data released, could prompt more Chinese buyers to cancel soybean procurement contracts, thereby limiting upward momentum soybean prices, resulting in soybean fell nearly 4 percent this week.

    Today, the continuation of last week's weak soybean meal, which 1405 contract fell 0.97% to close 3172 continues. Spot is still no improvement, and some soybean oil refinery has been pressure on the stock, currently part of the oil refinery will be forced to shut down due to inflation library, making the oil refinery will ship intense. Sunshine turnover has dropped to 3,350 yuan minimum / ton. It signals the data, Yin Baxi soybean shipments faster, the latest forecast in March soybean arrivals will reach 5.1 million tons, the amount of soybeans to Hong Kong in April was estimated at 6,000,000 tons latest, May soybeans amount of new arrivals estimated 6 million tons. The aquaculture industry in the current season, as well as the spread of avian flu and hog prices plummeted, go downstream volume continued to light.

    Today, soybean oil showed stronger shocks, domestic and imported inventory is not high amplitude loss is the main reason; message perspective, the recent rumors that China canceled the South American soybean oil, soybean oil imports on the domestic form positive. According to legend, Chinese buyers began to abolish the import of soybean oil contracts, a foreign group and two state-owned oil companies have canceled a total of 200,000 tons of imported soybean oil contract.

    As a rule, continue to hold an empty one meal; soybean oil more than a single leave temporarily to wait and see.

    zhttp://news.cnyes.com/Content/20140317/KIU8XQDE5NXEA.shtml?c=detail
    "Safety and security don't just happen, they are the result of collective consensus and public investment. We owe our children, the most vulnerable citizens in our society, a life free of violence and fear."
    -Nelson Mandela

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    • #3
      Re: Chinese buyers cancel soybean shipments in Latin America due to bird flu and poor demand

      Bloomberg News

      China?s Soybean Imports Jump in April as Demand Recovers

      By Bloomberg News May 08, 2014

      Soybean imports to China, the world?s biggest buyer, climbed to the highest in four months as demand for the livestock feed ingredient started recovering...

      ... Animal-feed consumption in the country has begun to recover from a bearish first quarter, when concerns over the H7N9 avian flu virus caused poultry producers to curb inventories,...

      "Safety and security don't just happen, they are the result of collective consensus and public investment. We owe our children, the most vulnerable citizens in our society, a life free of violence and fear."
      -Nelson Mandela

      Comment

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