18.
01.17
08:28

Soybean prices of heavy rain in Argentina impressed

This morning, the courses of the CBoT Sojabohnenfutures leave a small part of their gains the day before. Yesterday, the courses rose to a six-month high, because in Argentina heavy rain stirs up fear of crop failures.
The farmers in the affected regions believe that the crop can bring more no record revenues. Some areas are to be ordered now with corn rather than soybeans. Already, experts estimate the loss to 10%. Other observers and the Ministry of Agriculture say that it is still too early for such estimates. This uncertainty ensures that prices of oilseeds remain firm for the time being, believe broker in the far East.
In the United States consumption of soybeans of the mills stood in December below market expectations, while foreign demand for soybean meal was as high as two years no longer.

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