The course U.S. Sojabohnenfutures soar to the highest Nivea for almost two years. Spot prices also are supported by a smaller range of the market. Production problems in South America continues to move the markets.
That should be soon cause that there is a stronger demand for soybeans and corn from the United States. Because pork prices at a record level record in China, there is expected a continued good demand for animal feed components, mean the agricultural market broker in Tokyo this morning.
Brazil's Association of grain exporters, announced that the may exports of soybeans amounted to 8.69 million tonnes. In April, it was still 10.3 million tonnes. The major crop losses in Argentina after the April storms come together with great demand of Chinese, buy the soy meal and soybean oil. High pork prices in China prompted the Government in Beijing to sales of frozen pork from Government storage to take the heat out of the market.
Fund companies bought yesterday 14,000 slots Sojabohnenfutures.
