MARKET UPDATE FOR 21 AUGUST
CHINA'S SOYABEAN FUTURES TRADED ON THE DALIAN
COMMODITY EXCHANGE SETTLED UP ON THURSDAY
ON CONTINUED REBOUND AS SOYA OIL PRICES IN THE
SPOT MARKET ROSE.
Thursday, August 21, 2008
MARKET UPDATE
MARKET UPDATE 21 AUGUST
SOYA PRODUCTION IN BRAZIL IS LIKELY TO STAGNATE
EARLY IN 2009 DUE PARTLY TO GOVERNMENT ACTION
AGAINST PLANTING IN ILLEGAL AREAS .
BUT IT SAID SOYA PRODUCTION IN ARGENTINA WOULD
REACH RECORD LEVELS IN EARLY 2009 AS SOYABEANS
BENEFIT FROM MUCH LOWER THAN EXPECTED PLANTINGS
OF WHEAT AND CORN.
SOYA PRODUCTION IN BRAZIL IS LIKELY TO STAGNATE
EARLY IN 2009 DUE PARTLY TO GOVERNMENT ACTION
AGAINST PLANTING IN ILLEGAL AREAS .
BUT IT SAID SOYA PRODUCTION IN ARGENTINA WOULD
REACH RECORD LEVELS IN EARLY 2009 AS SOYABEANS
BENEFIT FROM MUCH LOWER THAN EXPECTED PLANTINGS
OF WHEAT AND CORN.
Subscribe to:
Posts (Atom)
