Optimal weather conditions have been pushing the CBoT soybean courses for 3 days

The prices of the CBoT soybean futures have now been falling for three trading days. The rainfalls announced in the central growing regions of the USA, just in time for the critical development phase of the plants, raise expectations of a very large harvest.
Since things are looking very good in the fields in the American Midwest, international market analysts are also expecting a record US harvest for corn and soybeans. At the same time, however, the demand for corn is falling because less ethanol is consumed.
Commodity traders increased their short positions in the CBoT's soybean complex yesterday.

Hansa Terminhandel GmbH
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