20.
01.17
07:50

Soybean prices give on the second day in a row

The CBoT soybean prices this morning, on the second day in a row, yielding. The fixed value of the US dollar down prices, but the decline limit destructive heavy rainfall in Argentina.
The commodity exchange Rosario grains Exchange in Buenos Aires estimated the soybean crop of the country yesterday to 52.9 million tons, the previous estimate of 54.4 million tons was clearly withdrawn due to the poor weather conditions of in recent weeks. The acreage for beans was reduced by experts from 19.3 to 19.2 million acres, because some farmers have decided to now love to sow corn. Partly, the use of the flooded areas for this season has become completely impossible.
In the coming days it will remain affected dry areas of heavy rain in the.
In early summer, the farmer in the United States order 90,52 million acres with soybeans and that 7 million acres more than in the previous year, so the expectation will be the company farm futures survey.
The value of the US dollar can keep its firm trend on the day of Donald Trump's inauguration as the new President of the United States. That makes U.S. products in exports more expensive and will benefit when the export of soybeans of the competition from South America.

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