Soybean prices tend to fall in April and may
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: according to oil world, an industry publication in Hamburg, Germany, the positive factors of damaged soybean production in South America have been fully hyped In the next two months, global soybean prices tend to fall According to the oil world, the market rebounded significantly at the end of February 2005 due to the serious damage of soybean production in South America from 11 million tons to 12 million tons But on March 16, the rally was at the top Oil world said that despite the serious damage to South American production, the world soybean production in 2004 / 05 was still 6.7% higher than the expected demand, which means that at the end of this year, the world soybean inventory will be 13.4 million tons higher than the very tight level of last year As a result, the oil world forecasts soybean futures prices to fall for most of April and may In addition, from April to September 2005, the global soybean meal production growth will exceed the demand, the inventory is expected to be overstocked, and the price will also face pressure Oil world also pointed out that there are some uncertain risk factors that may support the market in the future, and the soybean price trend will be more volatile in the next few weeks
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