The courses of the Sojabohnenfutures stop near their 2-year highs; Fears about dry growing conditions in the Midwest of the United States and harvest losses in Argentina make tight supply and increases demand.
In the last week, soybean prices reached a 2-year high. Weathermen believe that the La Nina phenomenon will bring a hot and dry summer the Midwest of the United States, what would result, in that the corn and soybean harvest less fails.
The Australian Bureau of meteorology estimates the La Nina-probability 50%. La Nina would be for the harvests in Australia, India and other parts of Southeast Asia very well, because there will be more rainfall. For the United States and parts of South America, La Nina runs the risk of drought and crop losses.
Heavy rain falls in Argentina's soybean belt crop damage had done at the beginning of the year, while in Brazil, the world's second largest corn exporter, drought threatens the current corn crop. Brazil has need to import even large amounts of corn.
