April 24, 2014

24/04/14: Inventory issues push soya beans higher

Higher than anticipated levels of soya bean processing due to demand will add pressure on stocks, which are already at low levels.

The US National Oilseed Processors Association have highlighted that processors crushed 153.84m bushels of soya beans last month which far above the forecasted 145m bushels.

This is higher than the February processed figure and comes on the back of reports of a larger than usual forecast for April and rumours of cancelations from China have not dimmed the enthusiasm for the bean.

Read more here and here ...

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT which is published by Perendale Publishers Limited.

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