The currently tight supply the world oilseed markets determines is still the current price development. The estimated growing closing stock in the WJ 2014/15 - due to the expected record harvests in the United States and Brazil - are Not yet in the focus of speculators. This can however change significantly in the next few weeks. Therefore, the decrease in the net short positions to 8.477 piece on now 15.214 NET short positions on the soybeans in Chicago is only a snapshot. It is expected that the speculators soon reorient and that is likely to more price pressure as the opposite. Also here, the new USDA numbers will provide even more impetus on coming Friday, 10 Oct. 2014. It also applies to canola farmers, to check the sales strategy.
