Situation on the world markets of oilseeds and products of their processing with 27.06.2016 on 01.07.2016
The world market for soybeans for the reporting week grew. So, the nearest futures increased by 24.16 USD 429.44 USD. Support the SOE provided information on areas under crop in the United States. For soybeans, the rating was increased to 83.7 million acres (against the earlier forecasted 82.2 million acres). However, this increase in acreage under crop was not a surprise for the market. Moreover, traders were expecting a larger increase in area under soy. Despite the fact that soybean stocks in US close to a record (870,0 million Bush. 627 million against Bush. in the last year), soybean quotes continue to grow. It would seem that the same factors influenced wheat and corn as a factor of pressure, and soy, on the contrary, pushed to growth. The expansion of sowing areas under wheat and maize was carried out at the expense of soybeans. The market is aware that in the near future for corn and wheat can be expected to increase production, then it's hard to say about soy. However, more significant factors of support for soybeans yet. The increase in the reference week, in whatever way it is not justified, is rather speculative. Capital required at least one growth market. On the background of negative-charged of wheat and maize in soybean was a "small" chance for growth, which traders are successfully implemented. While global soybean market is supported by the difficulties of South America, in cultivation. Due to weather conditions, the difficult economic situation, reduction of acreage under crop in Brazil, the market expects the reduction of the crop in these countries, which in the end, and supports the growth of prices.
Translated by service "Yandex.Translation"
