{"id":143001,"date":"2019-03-05T10:45:14","date_gmt":"2019-03-05T15:45:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143001"},"modified":"2019-03-05T07:51:51","modified_gmt":"2019-03-05T12:51:51","slug":"soybean-meal-analysis-the-abolition-of-duties-on-us-soybeans-will-be-discussed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/soybean-meal-analysis-the-abolition-of-duties-on-us-soybeans-will-be-discussed\/","title":{"rendered":"Soybean Meal Analysis: The abolition of duties on US soybeans will be discussed"},"content":{"rendered":"
March 5, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

The abolition of duties on US soybeans will be discussed at the meeting between the heads of the United States and China<\/strong><\/p>\n

China may abolish duties on US soybeans. Will soybean meal prices<\/a> rise?<\/p><\/blockquote>\n

The abolition of duties will be discussed at the meeting between US President Donald Trump and Chinese President Xi Jinping, which is expected on March 27, 2019. If this happens, prices may rise, as China is the world\u2019s largest importer of soybeans. According to the European Commission, soybean imports to the European Union in the 2018\/19 agricultural season, from July 1 to March 3, increased by 8% and reached 9.4 million tons. The Brazilian agency INTL FCStone expects a 5% reduction in soybean crop in Brazil in 2019 to 113 million tons.<\/p>\n

\"SOYBM\"<\/p>\n

On the daily timeframe, SOYBM: D1<\/b> is in a long-term neutral trend. A number of technical analysis indicators formed buy signals. The further price growth is possible in case of an increase in global demand and a reduction in crop.<\/p>\n