The CBoT soybean prices rise tomorrow already today by 1.6% compared with the closing price from Friday, they are further supported by declining offer of most important soybean meal exporter of the world Argentina. The United States soybean exporters should benefit from them soon, so the expectation of the Australian agricultural broker in the Commonwealth Bank of Australia. In addition, decreased the value of the US dollar on Friday and thus enhanced the competitiveness of U.S. beans on the world market.
The worry about quantities and qualities of the Argentine soybean crop are continued by new rains in the severe weather regions affected in April. The USDA had already in the past week one increases demand for U.S. beans of the new crop established.
In Brazil, the United States, the world's second-largest soybean exporter declined the offers of the farmer. They get so high prices for corn, that the poultry and pig farm was no longer profitable and was restricted.
