Oilseeds: Huge U.S. harvest weighs on soybean prices

摘要

A big U.S. harvest has pushed soybean prices down as the U.S. has been exporting at a record pace. And it's not just the U.S.; world oilseed production is projected at a record."After the previous month's weather-inspired gains, the IGC GOI soybean sub-Index was marginally lower when compared to late October," the IGC said in its Grain Market Report at the end of November. "Losses were linked to the advancing harvest of what is expected to be a huge U.S. crop, while improved planting conditions in South America added to the negative tone.