Everything related to STOCKS & COMMODITIES Magazine
1 post • Page 1 of 1
Soybean prices surged Wednesday on expectations of rising demand from China and tighter supplies. The actively traded July contract for soybeans rose 36 cents to settle at $15.05 a bushel Wednesday. China's demand for soymeal, which is used to feed livestock, has grown this month. Sales had slumped last month over concerns about an outbreak of a bird flu virus. "Poultry and pork demand fell off a cliff in April," said Sterling Smith, a commodities strategist at Citigroup. "Bird flu is not such a worry this month, and China is back in the market buying soybeans again."
Who is online
Users browsing this forum: No registered users and 1 guest