02.07.2014 - Soybean weakness on record US acreage, Soymeal bullish
Soybean prices have weakened globally on record acreage achieved by US farmers and plenty of inventories. However, soybean meal uptrend seen since August 2013 is likely to continue after a recent correction, analysts said. Soybeans for November delivery at Chicago Board of Trade (CBOT) fell to $11.465 a bushel before recovering to $11.51 on Tuesday. US soybean meal futures receded 10% recently but the bullish trend seen since August last year...............................................Full Article: Source
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