US soybean prices are currently rising slightly as concerns over dry weather supplies in Brazil and strong demand for US exports underpin prices.
Wheat gives way easily. However, the losses are being dampened by uncertainty about Russian exports. The corn rates remain stable.
"There are some concerns about the state of crops in Brazil and the market is uncertain about global supplies," said a Melbourne grain trader.
The planting of the Brazilian soybeans for the 2021/22 harvest was 94% of the planned acreage completed by Thursday. However, a drought in large parts of the country puts farmers on alert, the agricultural management consultancy AgRural said on Monday.
Private exporters sold 122,000 tons of U.S. soybeans to unknown destinations in the 2021-2022 marketing year, the USDA said last week.
China's soybean imports rose sharply in November compared to the previous month, according to customs data on Tuesday.
Source
Hansa Terminhandel GmbH