24.
01.17
08:12

Soy bean prices rise as the dollar falls

The CBoT soybean prices rise for the first time in three trading days. The weak exchange rate of the US dollar is responsible. Much needed dry weather in Argentina can sprout in the hope, that the damage caused by the heavy rains are not as dramatic as previously feared.
For the price increase, is but the weak dollar blamed by morning. Not only agricultural commodities win from the United States on the world market attractiveness. Broker from the far East see no justification for the increase from point of view of the supply situation. Also in South America, there are no major problems.
The U.S. dollar fell yesterday to a 7-week low, due to the protectionist trade policies of Donald Trump.

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