29.
01.24
09:13

Soya is on the decline again

In the soy complex, the signs glowed dark red. Soybeans have suffered double-digit losses and soybean meal also fell significantly. As has often been the case in recent weeks, the weather forecasts for South America in particular have had an impact on price developments in the USA. Heavy showers in some regions of Brazil and Argentina in the coming days will dampen price expectations. The harvest has already begun regionally in Brazil, but a number of stocks are still likely to benefit from the announced showers. The grain exchange in Buenos Aires also significantly increased its soybean harvest estimate on Friday and now expects 52.5 million tons. That is 2.5 million tonnes more than the stock exchange had previously forecast. 44 percent of Argentina's stocks are considered to be in good or very good condition, but the announced showers are likely to improve the value significantly. In pre-market electronic trading this Monday, there are once again red signs for soybean meal and soybeans, although they are significantly lower than at the closing bell on Friday.

Source
VR AGRICULTURE
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