date:May 10, 2016
mbination of rising global soy prices and a weak local currency to make record volumes of forward sales for the 2016-17 crop.
According to analyst Informa Economics FNP, 16 percent to 17 percent of the crop that will be planted from September has already been sold, compared to just 4.7 percent of the previous crop sold at this time last year.
Commodity funds were net buyers of CBOT soybean, corn and wheat futures contracts on Friday.
Trader estimates of net fund buying in soybeans ranged from