date:Nov 06, 2012
came in at 73,200 metric tonnes which was below trade expectations.
Cumulative soybean meal sales stand at 52.8 per cent of the USDA forecast for 2012/2013 (current) marketing year versus a 5 year average of 33.6 per cent.
Sales of 66,000 metric tonnes are needed each week to reach the USDA forecast. Oil sales came in at 28,500 metric tonnes. Sales of 6,000 metric tonnes are needed each week to reach the USDA forecast.
Aggressive long liquidation selling in a wide range of commodity market