16.
12.16
08:04

Fixed soy bean rates due to dry weather in Argentina

This morning, the courses of the CBoT-Sojabohnenfutures for the second consecutive rise as US exports were higher and is reported by dry weather in Argentina.
Weekly soybean exports to the United States rose were executed to 2,008 million tonnes compared to the previous week as 1,462 million metric tons. Expert estimates came from 1.1 to 1.5 million tons for this week. The USDA also reported yesterday a settlement with China over 132,000 tons.
Meanwhile, rising concerns about to dry weather in Argentina. The weather services reported last night that little rain will fall in some soybean growing regions of the country until late December. Even if in the meantime local rainfall go down, it will be altogether too dry.
This week the CBoT soybean prices fell so far by 0.2% as they were earlier in the week by 1%. Because in November, fewer beans processed the U.S. processors of soybeans than expected, producer prices are checked now.
The U.S. dollar rose sharply this week and again recorded the highest exchange rate for 14 years against an index of major currencies of the world. This complicates the exports from the United States in countries that hold other currencies.

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