Pro Farmer expects higher soybean yields

After the gains of the past few days, soybeans went down on Tuesday. Soybean meal was also sent out of the trading session again with losses. The first reports from the field show of the agricultural association Pro Farmer caused the turning point. In Ohio, the association expects an eight percent higher yield than the average of recent years. As a result, the current heat wave and concerns about the development of populations in the Midwest are taking a back seat to market participants. The USDA on Monday evening left the condition ratings for the soybean plants unchanged from the previous week at 59 percent in the category "good" or "very good". Also with regard to the development of the plants, there are no abnormalities compared to the long-term average. Soybeans are again under selling pressure before the market today.

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