Soybeans posted highest Wochenplus since November

In this week, the Chicago Sojabohnenfutures can secure her highest Wochenplus since November. The USDA had yesterday reduced its estimate of income and closing stock and thus triggered a price jump.
The U.S. soybean yields of harvest 2016 are estimated now bpa 52.1. This is still an all-time high but less than the previous estimate of bpa went out from 52.5. The market expectation was 52.7 bpa even higher.
The stocks are valued at the end of the 2016/17 Vermarktungssaison by the USDA to 420 million bushels, in the previous month, the experts estimate 480 million bushels.
The price on the CBoT rose immediately after the release of the figures by leaps and bounds and finished the trading day with a Wochenplus of 4.3%.
In Brazil, a large number of trucks waiting the loading of soybeans before the acquisition stations (elevators) in the heart of the country. In the grain belt, started the soy bean harvest and bring very high yields, which should now be transported to the port cities.

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