Corn and soybean prices press friendly weather

The courses of CBoT soybean and the CBoT corn contract remain under pressure due to the almost ideal weather in the corn belt of the United States. The crops will be probably big despite initially difficult vegetation conditions.
The corn its critical pollination phase has survived very well in July, because the soybeans mature later, the August weather is crucial for this. When the beans, the price pressure resulting cancellations from China for previous orders. Private exporters reported on Friday a gecancelten deal over 200,000 tons of soybeans, which by 2015/16 should be provided in the fiscal year.

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