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Futures Close Report 15th August

US soybean values supported overnight as discussion of trade talks to resolve the ongoing trade dispute appear to be on the cards – Chinese delegation will be travelling to the US late August.

China have unloaded their second cargo of US soybeans this week which will be subject to the import tariffs; these vessels have been waiting to unload for a full month.

US soymeal export s for July totalled 737k tonnes down from 857k tonnes for June 18. However the July crush was reported at its highest level ever with 167.7 million bushels crushed well in excess of analyst expectations for circa 162 million bushels.