At the Chicago soybeans speculators are still undecided. A week-plus of 7.086 net long positions on now 37.819 net long positions indicate the ups and downs of the last few weeks. Also the stock market know not where they want to go, but keep for weeks at a good level.
The short-term supply bottlenecks for the soybeans are spurring the prices on many oilseeds. Possibly, this trend will take an abrupt end if the US crop of these days "Signed and sealed" is. A good soybean harvest is expected in South America. How developed the consumption for the breeders (livestock) and the Chinese "oil hunger"? It is unlikely that the expected the latter factors lush closing stock (stock to use ratio 24%) significantly reduce.
The Rhenish processors currently provide rape ex. Harvest at a basis of +/-zero course of the Aug. 15 futures. If one subtracts the current margin of 25 to 30 euros per tonne, are at least over 310 euro / t ex. Free harvest "Commercial kennel".
