date:Apr 29, 2016
ought by China, split amongst Brazil, Argentina and the US, said Mr Cronin.
The combination of the buying coming from both Chinese end users as well as managed funds is probably what has kept futures from suffering a more severe downdraft once the physical short was covered, he added.
The USDA announced a fresh sale of 340,000 tonnes of soybeans for shipment in 2015-16.
July soybeans finished up 0.3% at $10.19 a bushel.
Ideas of drier Corn Belt
Corn has spent most of the day on the defensiv