Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 07, 2012 08:35:28

Soya bean weather helped to cheapen



ColosseumSoja yesterday on the Chicago Stock Exchange CBOT cheaper at most a week after rain showers hit parts of the U.S. Midwest. More rainfall and lower temperatures in that area then, according to predictions, we can expect in the next seven to ten days. Right now, when not only the Midwest, but also other parts of the United States suffer from excessive drought, the rain is great hope for the local soybean crop. Just last month the price of soybeans due to increased drought mentioned by 15%. The November soybeans closed yesterday on the CBOT weakening by 2.7% to 1584.25 cents per bushel.

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