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Goldman Sachs and Chinese speculators fuel soy market rally

Posted on 23 November 2016

The rally in soybean futures continued, as funds pile into the oilseed, but what is fuelling this fund buying? One factor is that Chinese soy-complex and vegoil markets are once again in bull-mode, after the government stepped in to cool speculation last week.
Key to this buying is the weakness in the yuan, which on Monday reached eight-year-lows against the dollar, after a 12-day slide following the wake of the US election, an ironic result given president-elect Donald Trump’s frequent………………………………………Full Article: Source


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