date:May 26, 2016
futures curve.
The bank forecast a slowdown in the pace of purchases by mills from Chinas state stocks as the quality of offerings decline, prompting a late-season uptick in Chinese imports as alternative sources are tapped.
And the bank pegged this years US production at 14.4m bales, 400,000 bales below the USDA forecast, citing rain delays to plantings and the potential for a shift by farmers to sowing soybeans.
- See more at: http://ingredientnews.com/articles/rabobank-cautious-over-revival