Price Setback Likely in the Next 3-6 Weeks Under the Lead of Soybeans, Palm Oil and Laurie Oils

摘要

Current soybean futures of around US-$ 13 per bushel are unlikely to be sustained once the greatest Chinese appetite for US soybeans is satisfied. With Chinese stocks unusually low and domestic soybean production further declining, there has been an urgent need for heavy shipments of US soybeans in October and November, which raised soybean prices in the cash and futures markets but will depress them once they have repleted Chinese stocks.