Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 18, 2012 08:35:28

Soja below the stock limit

ColosseumDuring yesterday's trading session on the Chicago Stock Exchange CBOT soybean November's weakened exchange the maximum allowable daily limit of 70-cents (4%) in the final in 1669 cents per bushel. For everything positive outlook is the South American crop. 70% of the territory where the soybeans grown in Argentina, this week will be watered up to 3.8 cm of precipitation. A similar scenario is, according to forecasts, expected next week in Brazil. Soybean production from both of these countries could be in the next season to increase by up to 27%. These are the first positive news in a long time. A few weeks ago came only information about the disastrous drought in the U.S., which decimated local crops.

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