21.
08.20
05:07

CBoT soybean courses are heading for a weekly plus again

The prices of the CBoT soybean and corn futures are rising this morning and will show a weekly plus this evening.
The drop in prices in late July / early August revived Chinese purchases of US soybeans.
However, good soybean yields are expected in the American Midwest. During their field visits in Iowa and Minnesota, crop scouts have seen yields 40% higher than in the previous year. Now rain should fall in the next 7-10 days. That could then weigh on prices again. The average yield in all fields viewed so far is 27% higher than in the previous year.

Source
Hansa Terminhandel GmbH
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