The weather forecast for the Midwest of the United States, the heartland of the U.S. soybean crop, promising moderate temperatures with a little rain; This is very beneficial for the last stage of maturity of the oilseed crops. The CBoT soybean prices are therefore most recently under pressure.
A decline is prevented by the extremely high soybean orders from China and "Unknown". On Friday, the unknown sold 261,000 tons; the USDA reported. Experts suspect that the orders would be even bigger if the vegetation conditions were not so good. So supply and demand are balanced both at a very high level.
Last week increased the prices of soya beans to 2.3%. The third of four weeks, in which prices rose.
