date:Jul 07, 2014
News of larger-than-anticipated old crop inventories alongside record-large new crop plantings slammed the US soyabean market this week, pushing both old and new crop prices to their lowest levels in more than three months. Still more long liquidation and short selling pressure should emerge over the near to medium term, given the friendly weather outlook for the emerging new crop even as large speculators continue to sit on more than 100,000 contracts (500 million bushels) of long futures and o