Soy stabilizes under pressure from the economic scenario – Agrolink Analysis

 

Soja estabiliza ante pressão do cenário econômico – Análise Agrolink
The price of soybeans on the Chicago Grain Exchange recorded a drop of 0.25 cents of Dollar in the January/16 contract on Monday (10/31), reaching US$ 10.1175 per bushel. The contracts for March/17 and May/17 did not show any variation.
 

The North American soybean market had a session of stability in the main futures prices at the opening of the week, pressured by the macroeconomic scenario. The day saw a rise in the dollar and a sharp drop in oil, which ended up holding down oilseed prices, despite demand support.

 

Source: Agrolink

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