Ölsaaten Cockpit, 11.07.2019

After the declines in the second half of June, soybean prices on the Chicago Stock Exchange have recaptured and plowed the way up. Most recently, they climbed to the equivalent of EUR 368 / t, surpassing the weekly line by EUR 7 / t. Support is provided in particular by the latest Crop Progress Report of the US Department of Agriculture USDA. In the run-up market participants had expected a...

Expert Opinion: 

The state of US soybean field stands has deteriorated surprisingly. That brings support to the courses. The profits are limited by concerns about China's soybean demand. Although there are signs of détente in the trade dispute with the US, swine fever reduces the country's feed requirements.