Soybean prices raised higher in the international market (Jun 19, 2017)

The Chicago soybean prices were little changed in early Asian Trade. Soybean prices increased for a third session due to strong demand in the international market.  On Thursday, the monthly U.S National Oilseed Processors Association report released that according to the analyst’s estimations, the soybean crushings were well above and at a high level which were still adding its strength in the soybean market. 

The country's 2016/17 soybean crop is now at 113.92 million tonnes high as compared to 113 million tonnes which was estimated in May. According to the Commodity Futures Trading Commission's weekly commitments of traders report, the noncommercial traders which are a department that includes limited funds are supposed to remove their net short position in soybeans.

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