The fund sold under pressure and the period price fell
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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: the sharp decline in the US soybean period price on April 15 reflects that the fund is substantially reducing its holdings of contracts from May to September The export sales data is obviously positive for the period price, however, the behavior of the fund dominates the market, and the runaway leads to a sharp decline in the period price The situation of soybean supply and demand in the United States is still very tense Only higher prices can balance the gap between supply and demand May fell $18.37 to $353.84 tons, July fell $18.37 to $354.39 tons, August fell $18.37 to $331.98 tons, may soybean meal fell $20.50 to $334.44 tons, July fell $19.18 to $333.23 tons, August fell $14.77 to $320.00 tons, may soybean oil fell $24.69, It closed at $699.08 tons, down $27.56 in July and $695.11 tons, down $30.20 in August and $680.78 tons.
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