10.
04.24
08:15

Weather becomes the focus of the soy market

The soy market was unable to maintain the positive mood from the start of the week yesterday. Soybeans, soybean meal and soybean oil were trading at losses at the closing bell. At the start of yesterday's trading session, soybeans were still heading north. The USDA was able to announce a private sale of 124,000 tonnes. The origin of the buyer is unknown. However, prices turned during the course of the trading day due to the weather forecast for the USA. There is still a lack of sufficient rainfall in the western growing areas, but heavy rainfall is expected in the eastern areas of the Midwest in particular. Today and tomorrow, traders will be focusing on expectations for the WASDE on Thursday. In the run-up to the event, analysts are expecting an increase in US ending stocks. Slight corrections to the harvest forecast are expected for South America. In pre-market trading, soybeans are trending slightly firmer this morning, soybean oil is also gaining ground, while soybean meal is once again trading weaker.

Source
VR AGRICULTURE
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich