Featuring the latest business activities across residential and community-based social care services for the elderly, people with learning disabilities and clients with complex mental health care needs, covering the country’s public, private and voluntary care operators. The USDA supply demand reports might forecast tight supplies during the year prompting the prices to recover. The USDA census crush data showed a decline in the crushing by 9% (127.9 million bushels v/s 140.3 million) and the soy oil ending stocks with the mills is down by 10% which might help the prices to recover. Wheat shippers have sent 31.4 million tons of the grain overseas, USDA data show. That left prices up 10 percent this week, on course for the biggest climb since the week ended Dec. Prices are up 9.8 percent this week, on course for the biggest advance since the week ended Oct.
BEIJING, May 29, 2011 (Xinhua via COMTEX) – About 50 percent of futures experts surveyed by the China Finance Corporation, a financial information provider owned by Xinhua News Agency, are bullish about soybean futures traded on the Dalian Commodity Exchange Monday, while 17 percent are bearish and 33 percent expect range-trading of the commodity. Fundamentally, the soybean market remains quiet, with Thursday’s weekly export sales and shipment numbers coming in well below what was needed to stay on pace with USDA’s demand projection,” Darin Newsom, senior analyst at Telvent DTN in Omaha, Nebraska, said in a report today.
The corn market did trade higher and that likely helped rescue the beans to some degree. But by late in the session, that bullishness wore off and prices closed little change during the week. MUMBAI (Commodity Online): US soybean futures finish little changed as market participants face uncertain demand. AIG will fail, this will cause the biggest leg-down yet in the current 2008 Stock Market Crash.
The USDA said private exporters struck deals to sell 110,000 tons of soybeans to China, the world’s top importer of the oilseed, for delivery after Aug. China may now be returning its business to the US, says Alan Bugler of Bugler Marketing & Management. The U.S. Department of Agriculture said in its weekly crop-progress report published late Monday that approximately 22% of U.S. soybean crops were planted as of May 15, compared with 37% planted during the same week a year earlier and lower than the five-year average of 31% for this time of year. Poor demand for the produce especially from crushers is likely to weigh on the market.
The negative closing of the CBOT due to the strengthening dollar index prompted the fall in the prices in the Indian market also. The decline in the weekly exports sales to china due to lack of demand resulted in the fall of the prices. The crush margin is also improving from the last week which is expected to attract the buyers across the physical markets. The bearish trend in the soybean futures market was extended for third day on Wednesday on extended selling pressure. Bearish trend in international market driven by falling crude oil prices also exerted pressure on Indian market.