With soybeans speculators in Chicago the net long positions declined in the last week of the report easily by 5,519 contracts on now 195.270 net long positions. The courses in Chicago could get easily.
Even when the oil seeds there is no sound positive market momentum. The soya beans, as the heartbeat for many other oilseeds, provide no clear trend. A major in the United States acreage - estimated as months ago - is a good paragraph in particular to China. The local rapeseed prices were able to stop a further price drop, this helped in particular the weak euro exchange rate, while the Brexit discussion provokes more price uncertainty. Still, the weather in the US growing regions for soybean in the upcoming Blüh and grain formation stage is crucial for the further development of the course. Therefore applies to watch it more now in the further development of the market.
