Stock exchange news, soybeans. According to Planting Report, issued by USDA on March 30, due to soybean deficit American farms are reducing acreage for this culture to 73.902, which is 1.5% less than last year’s planted area. US sowing campaign starts in late May – early July.
Quarterly Stocks Report, issued on March 30, has shown the increase of US end stocks of soybeans to 1.372 bln. bushels, which is 10% higher than last year.
US export sales have again dropped, to 561 ths. tons, which signals about falling interest to soybeans from North America and rising interest to soybeans from South America.
Therefore, according to the Analytics Team of Commodity Trading Department of , a certain price range is to be expected at soybean market. On the one hand, it is going to be connected with market pressure caused by rising stocks and harvest campaign in South America, on the other hand – support will be provided by deficit year and acreage shortage.
