date:Dec 12, 2012
News last week that China has bought 6 cargoes of US beans has given new life to soybean prices, lifting them above their 200-day moving average, according to grain analysts at GeoGrain.
In addition, continued wet weather in Argentina has traders expecting flooding and excess moisture during the planting season to take its toll on Argentinas crop. Thursday morning, Brazils government released their latest crop estimates, pegging their soybean crop at 82.6 MMT and the corn crop at 71.9 MMT. Both