The trading of unplanted 2022/23 new crop US soybeans spiked this week as international trading houses and Chinese importers demand jumped amid rising concerns of lower-than-expected 2021/22 Brazilian soybean output due to draught weather.
About ten cargoes of new crop US soybeans were said to have changed hands on both FOB and CFR China basis this week so far, according to several trade sources.
One FOB October 2022 shipment traded at 114 c/bu over November 2022 CBOT futures in US Gulf, and ano...