This morning, the courses of the CBoT soybeans yielding on the second day in a row. Already in four of five trading sessions the rates fell, because planting in the United States is rapidly progressing. The funds liquidate their long positions.
For two years, institutional investors hold no longer so many long positions in Sojabohnenfutures and now profits are recorded, analysed the analyst which Commonwealth Bank of Australia today morning.
The seeding of soybean is already 56% complete, the 5-year means it is 52% to this appointment, so the USDA and the market participants appreciated the progress 55%.
