Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 30, 2013 15:18:28

High Chinese soybean import pushing prices up

ColosseumMarco's soybean contract today on the Chicago Board of Trade appreciating by 1.2 percent to $ 14.69 štvortýždňové maximum per bushel. The reason is forecast higher consumption of oil in China. World Oil Agency predicted that China's soybean imports this year will increase to a record 62 million tons from the previous 59.2 million tonnes. For the price is favorable even second-rare total precipitation in Argentina.

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