The trader the CBoT soybeans stay bärisch tuned. The front-month July recorded close to a one-month low. Great deals from South America pushing towards the Asian market and leave the U.S. providers don't stand a chance. Down a Tokyo brokerage expects further price corrections.
In the USDA report Tuesday the world stocks for soybeans were in July 2016 to 500 million bushels are and significantly higher than the expectations of operators. According to an estimate this year with 59.6 million tons a Rosario grains Exchange new record reached Argentina's soy production due to better than expected earnings.
Commodity funds to hold large amounts of short positions. Whither the courses, is uncertain in the face of the upcoming season's usual short covers.
