In anticipation of the USDA report prices for soybeans and corn fall
In anticipation of the publication of the USDA report, which will be recorded the increase in acreage under soybean in US and growth of soybean ending stocks, soybean futures have significantly lost positions.
May soybeans fell 0.5 percent to 357 $/t, which was the lowest level since November of 2016.
Thanks to the good pace of exports and the decrease in acreage under maize in the US in favor of soybeans, corn stopped falling and traded at $140/ton for deliveries in may.
According to the Commodity Futures Trading Commission, hedge funds were closing their long positions because of concerns about the reduction in the rate of economic growth, which can cause resistance from lawmakers to the initiatives of the President of the United States J. trump.