date:Jun 17, 2016
ecrease; USDA supply and demand report lower the expected soybean production, and North America cultivation will suffer the unsteady weather in the upcoming days, which all ring the price rise in soybean market. As a result, the domestic price will surely increase. Besides, domestic supply and demand relationship and growing feeding demand also stimulate the market.
Up to 10th June, the forward price of soybean in Chicago Board of Trade (CBOT) is 12.08 USD/Bushel, reaching the record high since