30.
09.20
05:46

Inventory estimates could shake up agricultural futures

Meanwhile, the CBoT soybean futures prices have fallen to a two-week low. Dry weather promotes the progress of the harvest in the USA.
Today the USDA will publish a report examining US grain and soybean stocks as of September 1st. So far, that has always shaken the futures markets. There is also an update on the harvest estimate for US wheat.
The agency still reports large exports of corn and soybeans every day, but China is only occasionally among the buyers.
The Ukraine is currently experiencing a drought, which means that the winter wheat area is 600,000 hectares smaller than expected.

Source
Hansa Terminhandel GmbH
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