Weather forecasts prompt drop in soya price
By FWi staff
AN improved weather forecast for the next couple of weeks and improved crop conditions have lead to a 5/t drop in soya bean prices this week.
“We are very much in a weather market at the moment,” says David Clarke of KW Alternative Feeds.
“As soon as the crop gets some sun on it, the price goes down as supply increases.”
Elsewhere on the straights market, there is little change.
“It will probably be the beginning of July before we start to see much movement,” adds Mr. Clarke.
See more