Food Industry
Industry: Email Alert RSS FeedCBOT Outlook: S.A. Weather To Dictate Soybean Price Trend.
Resource News International, October, 2007
Byline: Dwayne Klassen, Resource News International
WINNIPEG, MB, Oct 25, 2007 (Resource News International via COMTEX) -- Weather influences will play a major role in determining how high soybean futures at the Chicago Board of Trade (CBOT) climb during the next couple of months, according to projections made by an industry analyst. CBOT corn futures were likely to trend sideways while wheat values could experience some further downward price corrections.
"Soybeans in the US are going to be looking to the weather situation in South America for some of its near term price direction," Ron Frost Director of marketing for the agriculture consulting firm, Pike Management Group located in Calgary, Alberta said.
He said the global fundamental setup...
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