The CBoT soybean prices have softened recently, since the arguments of the huge U.S. crop take the arguments the cops. In the coming months, a great harvest is imminent in the United States and the weather plays also. The broker in far East Asia find out this morning in newsletters to their customers. They are forecasting that even if the Chinese order so much U.S. beans, most recently on the U.S. spot market prices under pressure.
First harvest results confirm the high harvest expectations and the very good rating of the crops of the USDA in the eastern part of the Midwest of the United States last Monday.
Yesterday, private exporters reported a sale of 119,000 tons of soybeans from the United States in the year 2016/17 for China. The lively export business in the last few weeks is still intact. In his last WASDE report that 85 million Bardhan beans will be exported in the current marketing period, which goes until the end of August, the USDA reported. The prospects for the coming season were revised upwards.
