Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 24, 2012 13:14:28

Soybeans closed the previous week dropped to five-week low



ColosseumAt level five-week lows dropped the previous week on the stock market Chicago Board of Trade within the CME Group soybean price November. Soy initially responded to the expectations coming fall rains in South America, which should help planting and growth. Forecast rainfall had hit 70% soybean cultivation region in Argentina and move during the current week in Brazil. The combined production of these two countries, as estimated by the U.S. Department of Agriculture (USDA) from 9.12 had a total increase of 27%. As well as growth in South America in recent weeks influenced positively precipitation also harvest and soybean yields in the United States. According to the USDA was in the U.S. on September 16 harvested 10% of the total volume.Also sounded a positive evaluation regarding the USDA soybean yields, which, according to recent reports in most of the Midwest have increased expectations of 10 bushels per acre. Due to the aforementioned closed most active November soybean futures contract on the CBOT exchange last trading session last week on the value of 1621.75 cents per bushel, the lowest since 15.srpna 2012th

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