02.
08.23
09:36

Soy complex can stop price correction for the time being

After the price correction at the beginning of the week, the soy complex was able to stop the price correction and rose again across the board yesterday. Both the beans and the meal closed the trade with a green sign. The USDA yesterday dashed many market participants' hopes that the state of soybean stocks had improved. Around 52% of the plants are in good to very good condition. Compared to the previous week, this is a decrease of two percentage points. Gains were held back by weather forecasts. Meteorologists expect that the heat wave will ease in the important growing areas and that there will also be some precipitation. Almost 80% of the plants have reached the flowering stage. The coming weeks in particular will decide on the yield success of the oilseed.

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