Vietnam: Commodity Index MXV-Index fell for the fourth week in a row
Soybean
Brazil
United States
Vietnam
Published May 15, 2023
Original content
Notably, with the advantage of two-way trading, domestic investors still tended to open a large number of short positions in the past week, helping the trading value of the whole Department to increase by 5%, reaching an average of 5%. 4,200 billion VND/day on average. Soybean prices hit lowest since October 2022 At the end of the trading week 8-14/5, with 4 out of 5 sessions of sharp decline, soybean price lost the psychological support level of 1,400 cents, to 1,390 cents per bushel, the lowest since October 2022. According to the May Supply and Demand report of the US Department of Agriculture (USDA), the US soybean production in crop year 22/23 will reach 4.51 billion bushels, up 5% from the previous year, mainly thanks to improved productivity. Inventories in both crop years 22/23 and 23/24 of this country are also forecast to be higher than market expectations. In addition, Brazil's production estimate, which is already at a record level, continues to be increased by 1 ...
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