CHICAGO, Jan 30 (Reuters) - Soybean prices are likely to fall for a second straight year by the end of 2012 if crop weather in the United States, the world's top producer, improves after a difficult season in 2011, a Reuters poll showed.
Front-month soybean futures at the Chicago Board of Tradeshould finish 2012 at $11.47 a bushel, down about 4 percent from the end of 2011, a poll of 12 analysts showed.
"I think we'll have periods where (prices) will go up from where we are, but overall if we have normal weather we'll see an easing of the tight supply for everything," said Terry Roggensack, analyst for The Hightower Report.
Front-month soybean futures at the Chicago Board of Trade
"I think we'll have periods where (prices) will go up from where we are, but overall if we have normal weather we'll see an easing of the tight supply for everything," said Terry Roggensack, analyst for The Hightower Report.
0 comments:
Posting Komentar