The CBoT soybean prices gave way yesterday sharply and fell to a nearly two year low. More rains are expected in the heartland of the U.S. soybean crop, which mitigate the fear before the next heat wave.
The fear of a supply shortage due to crop damages in South America is dwindling, because a very large crop now grows up in the United States. No rally can arise under the current optimal vegetation conditions, the analysts say the National Australia Bank. It predicts a devastating heat wave with up to 38 ° C in the Midwest of the United States. The current rains leave but worries about the consequences of silence. The plants develop rapidly, what show ratings of the USDA Monday also the crop, the best values for mid-July were for 20 years.
