The US soybean futures trade at the beginning of the week with surcharges. Discussions continue in the trade dispute between the United States and China. Analyzes see this as a possible indication of a temporary relaxation.
In Argentina, announced rainfall could not meet expectations. Stocks that were seeded early show a large variability in yields. Estimates are between 2 and 5 tons per hectare. Stocks that were later sown are more affected by the drought. Accordingly, many areas are not even harvested. The Buenos Aires Grains Exchange reduced the 2011 soybean harvest estimate by 2.5 million tonnes from 42 million tonnes to 39.5 million tonnes last week.
