CBoT soybean prices rise to 7-year high

The courses of the CBoT Sojabohnenfutures rise to a seven-week high, because once again heavy rains threaten the crop in Argentina. Already last Friday increased the rates strongly and this morning they have increased even 1.2%.
The rain in Argentina's soybean growing region comes at the wrong time, it's not all planned land with the bean cultivated and the soil saturated with water may soon even grown corn will be.
The Buenos Aires grains Exchange said that 97% of the soybean areas - at least 47.7 million hectares, are planted. Whether the remaining surfaces with the bean or corn can be ordered depends on the further course of the weather. The sown beans start this year under difficult weather conditions. The earnings estimates are already withdrawn.
Benefit now from the exporters from the United States. On Friday, the USDA reported the end of a day of 132,000 metric tons to an unnamed buyer.

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