CBoT resumed yesterday their uptrend soybeans, they currently trade at a 21-month high in the expectation that the global stocks due to China's strong demand will close. So it had seen at least the USDA on Tuesday and the market follows the analysis surprising for many. But the world remains well supplied with wheat and corn.
The closing stock of the season 2015/16 were estimated by the USDA for soybeans to 74.25 million tons at the end of the following season 2016/17, it should be only 68,21 million tons. All Analyst estimates were previously higher.
