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FxWirePro: Soybeans rise on trade sentiment; likely to tests 1000 cents

Soybeans on the rise; is China plating a hand?

Chinese pledge energizes bulls:

  • Last week’s commitment from Chinese Vice Premier that it would buy Soybeans in bulk from U.S. farmers to the tune of 5 million tons has given the latest boost to bulls, https://www.youtube.com/watch?v=Z1P-BUEaH3U

Price forecast:

  • We maintain our short-term bullish outlook and expect the price to test 1000 cents per bushel area and might even break and reach as high as 1030 cents area, before selling pressure sets in.
  • ET PRO
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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 813973813973m

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2016 bln ARS

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2016 bln ARS

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January 22 19:00 UTC 825793825793m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 813973813973m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 825793825793m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 813973813973m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 813973813973m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813973813973m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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