Create a free Feed & Grain account to continue reading

Global Demand for Soybeans Will Remain

June has been a volatile month for commodity markets

Stock market 2616931 960 720

June has been a volatile month for soybean markets and commodity markets in general, reports Ag Web.

As news broke how China planned to proceed with tariffs on U.S. agricultural products such as soybeans and orange juice, soybean prices tanked. During the trade last week Tuesday, soybean prices dropped 40 cents.

According to Matt Bennett, owner of Bennett Consulting, the funds are short 50,000 to 60,000 contracts. He expects this to give the market a chance to “wash out” and reset.

“The problem is that we don’t have a weather story right now,” he says.

See the full U.S. Farm Report at Ag Web.

Page 1 of 287
Next Page