The Soybean Complex starts trading this year with a firm undertone due to firm targets from the vegetable oil sector in Asia. Dalian soybean futures and palm oil futures in Malaysia are firmer in the run-up to CBoT's start to trading.
It had rained decently in Argentina over the holidays, but that did not particularly impress the market participants. In the coming week there will be only small amounts of rainfall, which should not even go down everywhere, so the weather services of the country.
Corn and wheat futures are also firmer at the start of trading in Chicago, but this is not due to firmer market prices. The bitter cold temperatures are fueling speculation about hibernation in the US HRW growing regions. How big the damage actually is, you will see only in the spring.
Text: HANSA Derivatives Trading GmbH
