Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 17, 2012 10:08:33

Soja weakened from record prices

ColosseumSoybean prices weakened on Friday and at the same time continues to drop today due to declining demand for compound feed for the production of soya is used currently. The lower demand for soybeans by cattle breeders influence was considerably high price of the commodity on world markets. In addition, stockpiles of soybeans in the U.S. before next year's harvest will drop down to 115 million bushels of soybeans. This will be the lowest since 2004. Soy production could fall by up to 14%, which is the lowest for the past 9 years. The November futures contracts for soybeans on CBOT Stock Exchange on Friday, the price ended 1739 cents per bushel. Today at 9:35, the price is even longer at 1709 cents per bushel.

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