The risks of adverse weather conditions in South America are priced in the courses of the soy bean and Maisfutures and now the stock prices are likely to come soon under pressure, believes the Chief trader for Rabobank in Singapore.
Unexpected rains at harvest time increases in April in Argentina, as well as drought in Brazil in the last few weeks resulted in a price rally at the soy bean and Maisfutures on the CBoT corn-growing region. Traders and investors will face crop losses.
These developments are priced enough, now head of the Rabobank trade table in Singapore today told the press. Therefore the forecast for the coming period is more bärisch, because the market is now covered. The Rabobank Group focuses on financial services for agricultural commodities.
Two months ago, yet everyone thought that agricultural markets are excessively well catered and despite the unexpected weather conditions of the last few weeks, we continue to believe that so the dealer van Doremaele.
Another reason for the price increases in the soya beans was an extremely good demand from China. China's soybean imports rose in April by 33% compared with the same month in the previous year. Fund companies have expanded their long positions in Sojabohnenfutures in the last few weeks.
