date:May 26, 2016
n US interest rates, which would be likely to spur dollar strength.
A firmer greenback, in making dollar-denominated exports that much less affordable, tends to weigh on the prices of many commodities.
However, the bank also forecast that the US soybean crop will beat the US Department of Agricultures estimate of 3.80bn bushels by nearly 100m bushels, thanks to the incentive from higher prices to boost sowings.
The soybean-corn price ratio, which moved up all the way to 2.8:1, should support