from Bloomberg:
"Soybeans reached a seven-week high and corn rose on speculation that warm, dry weather will reduce yield potential in Argentina, the world’s biggest shipper of soy-based animal feed and vegetable oil."
Monday, February 4, 2013
Coffee Collapses, While Soybeans Surge
Coffee has been rising steadily, but over the past few weeks, the commodity is showing significant weakness. Coffee is down 2% today!
Meanwhile, soybeans are showing the strongest gains today! Dry weather in Argentina is affecting the crop there. This sounds familiar!
from Bloomberg:
"Soybeans reached a seven-week high and corn rose on speculation that warm, dry weather will reduce yield potential in Argentina, the world’s biggest shipper of soy-based animal feed and vegetable oil."
from Bloomberg:
"Soybeans reached a seven-week high and corn rose on speculation that warm, dry weather will reduce yield potential in Argentina, the world’s biggest shipper of soy-based animal feed and vegetable oil."