17.
06.15
07:11

Soy is continuing price rally could shrink Brazil's soybean

After the strong rises in the last few days, the prices of the CBoT Sojabohnenfutures rise morning today on a five-week high. The plant works be delayed by rain and the condition of the crops was downgraded to the previous week. Only 67% of the seed is rated good to excellent, 2% less than in the previous week. Only 87% of the areas are ordered, compared with 79% in the week before. If the ratings fall again in the coming week, yield losses are expected. A large global supply had previously pushed prices for soy beans on a seven-month low, now worries about sprout, that the upcoming crop - including those in Brazil - will be not so great, as expected.
Higher interest rates make borrowing of Brazilian farmers and will cause that the acreage was there for the first time ten years is shrinking, says the consulting firm Agroconsult.

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