The price of the CBoT Sojabohnenfutures is this morning after two days of trading with strong gains. The reason for this is seen in the morning released USDA report to this year's land use. Assuming that the soybean acreage in the United States at the expense of maize has been extended. That is downward for the bean and could support corn prices.
In advance of the USDA estimate of 92.9 million acres corn analysts, compared with 93.6 million in the USDA forecast in April. The analysts put the soybean acreage this year now at 83.8 million acres compared with 82,65 million acres in the April USDA estimate.
Both commodity prices were supported by the prospect of last on hot summer days and a good demand. Temperatures of next week should rise by up to 38 ° C in the Midwest of the United States. Then is the yield-critical pollination phase when the corn and the plants could be stressed by heat and suffer loss of earnings.
