CBoT soybeans on a 1-week high

The CBoT soybean prices also this morning - further increase in the fourth trading session in a row -. The buyers are impressed by the very strong demand. Rising stocks of end limit the growth.
Analysts believe that prices will come under pressure again soon because the starting conditions for soybeans in Brazil are excellent. As soon as the offer from there on the market, prices should again come under pressure. The soybean harvest is meanwhile almost completed in the United States.
Australian broker believe that the price increase is caused by the fund companies position themselves before the USDA WASDE report tomorrow on Wednesday. The demand is very good and must be well in order to dismantle the high surpluses after the record harvest in the United States.

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