The increase in net short positions by 2,391 to a total of 48,592 net short positions among soybean speculators in Chicago is having an impact and putting pressure on soybean prices. The latest USDA figures continue to show high (record) ending stocks for soybeans, meaning that soybean prices cannot escape this pressure. Global ending stocks of rapeseed are also very high at 7.5 million tonnes, although the expected lower rapeseed harvest in 2015/16 is having a stabilizing effect on prices. Although soybeans are leading the market and therefore prices, domestic rapeseed is able to cleverly escape the negative price trend due to the local subsidy region.
