The CBoT soybean futures rates may improve this morning. Traders are taking advantage of the low price level, which had dropped to its lowest level since May last year due to the corona crisis.
However, analysts do not expect a major upward trend since Brazil is harvesting a record oilseed. Global demand is likely to weaken due to market unrest. On the stock markets in Asia, prices are still going down today and the value of the US dollar is falling due to the Fed's Fed rate decision. US interest rates have now dropped to 0.25%.
On Friday, the Buenos Aires Grains Exchange lowered its forecast for the 2019/20 soybean harvest there.
Source
HANSA Terminhandel
