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12.2.21 13:29_Soybeans_LONG

Soybeans Long. During this week, the US Department of Agriculture (USDA) published a regular monthly Wasde report. For the 2020/2021 season, the estimate of exports from the USA has currently been increased and at the same time the estimate of closing stocks has been reduced. The estimate of soybean exports from the USA was increased by 20 million bushels to a total of 2.25 billion. The reason is the record sales month of January and also the situation in Brazil, from where soybeans have not yet reached global markets due to the delayed harvest. The estimate of closing stocks was reduced by 20 million to 120 million bushels. If this forecast is met, the final soybean stocks would be 77% lower compared to the 2019/2020 season and at the same time the lowest since the 2013/2014 season. The above should be a sufficient foundation for the subsequent growth of this commodity.

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