Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 12, 2013 12:43:28

Soy goes to the highest weekly price increase since last January

ColosseumHeading for the biggest weekly strengthen in January of this year, strengthened in yesterday's trading session on the Stock Exchange Chicago Board of Trade under the group CME again the most active futures contract for soybeans. The reason was the reaction to signs of rising demand for U.S. supplies. According to government data, U.S. exporters sold in the week ending April 4 227,114 metric tons of soybean meal, which is the highest in the last six weeks. Exports of soybeans from the United States increased compared to the previous period from October 1, 2012 by 13%. Futures on the May soybean delivery date strengthened during the day yesterday by 0.7% to the closing price of 1402 pence per bushel. Since the beginning of the week, soybean price increased by 3%.

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