Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 15, 2013 09:06:28

Soy strengthened the most in the last six months

ColosseumThe largest price increase for last more than six months recorded in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract for soybeans. This was due to signs of declining stocks and conversely increased demand from producers of compound feed and candidates from overseas. According to the U.S. Department of Agriculture (USDA) has fallen in the U.S. soybean stocks for December 1, 2012 at 1.966 billion bushels. This is about 17% less than in the same period of the previous year and the lowest amount in the last nine years. At the same time the USDA in its monthly report on January 11 tzv.Wasde report raised the estimate of production of meat and poultry in the United States by 1.4% from the December estimate. Soybean futures with delivery date in March has strengthened over the previous day on the stock exchange CBOT by 3.3% to the closing price of 1.418 cents per bushel.

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