date:Jul 30, 2014
han sell at current levels in the hope of a future rise.
The market is under great pressure and growers are understandably reluctant to sell at current prices as, for many, this would represent a loss. The EU is on track to produce a crop in the region of 22.8 million tonnes, this is an increase of about 1 million tonnes on 2013, and the USA is anticipating a big soya crop. This, and a strong pound, is weighing heavily on prices, he says.
On the positive side, the South America soybean crop is