The CBoT soybeans are recorded their sixth week in a row today price increases. Reason for that concern over a smaller production in Argentina are first and foremost, the strong U.S. dollar, however, limited the rate increase. This week, the price of the front month so far increased 17%.
Course drivers were the funds in the first place. The higher stock prices led to reconsider farmer in the United States their current cultivation planning. Now, more soybeans are planted, this at the expense of maize cultivation.
Now the exchange rate of the U.S. dollar has risen but, what makes the greenback traded raw materials more expensive. Benefit countries with other currencies, increases in exchange rates will slow down but this.
The U.S. dollar recorded on a two-month high against a basket of major currencies, because hope wide does, that the interest rates in the United States are raised in June.
