27.
01.17
07:54

Soybean prices fall to a 2-week low

This morning decrease as accepts the offer from South America to the courses of the CBoT soybeans on a two-week low. The loss of the week is up now at two percentage points.
The weather conditions in the growing regions of Brazil remain for the time being good and in Argentina they improve. The stock market had moves early January strongly after fierce storms upwards, because they feared loss of earnings. Since then have greater selling pressure which makes the prices fall.
In their first harvest estimate for 2016/17, which had assumed Buenos Aires grains Exchange by 56 million tons of soybeans from Argentina, after the severe weather event, experts lowered its forecast then to 53.5 million tons.

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