After soybean prices on the CBoT had dropped to a three-week low as US acreage expanded, prices rose again.
It is expected that US farmers will grow the record of 92.104 acres of soybeans in 2018. This resulted in an annual survey of the US brokerage Allendale. This would mean that significantly more soybeans than corn would be sown in the USA.
This week, cash market prices for soybeans declined as buyers on the world market turned to South American sellers. China, the world's largest and by far the largest purchaser on the world market, is arguing over tariffs on steel and aluminum with the US and could in the future withhold the purchase of US soybeans.
As a result, the fund companies are selling part of their long positions and pushing stock market prices.
Text: HANSA Derivatives Trading GmbH / / Graphic: Saxo-Trader 
