date:Feb 19, 2014
The U.S. soybean market is on the lookout for cancellations from China as the harvest season in Brazil and Argentina fast approaches, making lower-priced supplies available to the worlds top importer of the oilseed.
But Paul Meyers, vice-president, commodity analysis, at Foresight Commodity Services, Inc., thinks market participants are overdoing the scenario by predicting cancellations of as much as two million to three million tonnes in the near future.
There will be some cancellations but n