01.
11.16
07:34

Soybeans record set with good demand

A large Chinese demand further determined the course of CBoT soybean. Yesterday and also this morning continue to increase prices and record since October 20 on a 4-week high.
In China they're crush margins high, it is worthwhile for the mills that December and January continue on a large scale order for delivery.
Yesterday, the USDA announced that brought up 87% of the U.S. soybean crop was until last Sunday. More 2.87 million tons have been ordered by Chinese buyers alone last week. It confirmed a bumper crop, but also so that the rate increases remain limited. Where the farmer find no place more in their barns, the spot prices come under pressure. Operators said that compared to the Reuters news agency. Fund companies expand their commitment in soy beans of long futures.

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