Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 14, 2013 13:45:33

Soy weakened the most in the last more than two weeks

ColosseumThe biggest drop in prices over the last two weeks saw in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract for soybeans. It was a response to signs of declining demand for U.S. stocks and accelerating the harvest in Brazil, which could be for this year to become the world leader in the production of that commodity. According to the U.S. Department of Agriculture (USDA) was in the week to March 7 in the U.S. checked 17.1 million bushels of soybeans for export, which is 58% less than it was in the previous week and it was also the smallest volume since last September . According to the USDA should this year's soybean production in Brazil to reach a record 83.5 million metric tons. Soybean futures on the May delivery date weakened in yesterday's session 1.5% to the closing price of 1447 cents per bushel.The decline in the futures contract continues mentioned also in the day, yet by 4.5 cents to 1442.5 cents per bushel.

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