A triple blow - soybean prices plummet.
At the mo. Their effects have not missed June 30 eagerly anticipated releases of the USDA.
< ol >
2. the biggest surprise hit was killed by the + 11% larger area of soy compared to the previous year. Record acreage were immediately reported in several States such as Michigan, Minnesota, Nebraska, N.-S. Dakota, Ohio and Wisconsin. Even the most optimistic market expectations were topped again to more than 2%. Thus, a bumper crop potential is in the autumn of 2014 in the House, which could be clearly above the limit of 100 million tonnes, if because the weather plays in July and August 2014. In hindsight the high cultivation expansion can be disabled by precipitation and delayed corn planting with the cheap soy-corn price ratio of 2.8: 1 explained.
3. The Saatenstandberich t "good to excellent" delivered a consistent animal muster of soya stocks with 72% in the category despite of all rainfall of in recent weeks. Last year the proportion was only 67%
The courses on the stock markets gave way suddenly. The soybean was quoted for the Nov. 14 deadline only about $11.5 per bushel. Soy meal prices fell after a first desperate to $475 per sht (€385 per t) on $455 ever sht (€369 per t) back.
