Harvest in South America puts pressure on soybeans in the USA – Agrolink Analysis

The price of soybeans on the Chicago Grain Exchange recorded a drop of 6.75 cents in the May/17 contract on Tuesday (14.03), closing at US$ 9.9925 per bushel. The July/17 contract fell 6.75 Dollar cents, while the August/17 contract depreciated 7.00 Dollar cents.

 

 

The North American soybean market had another day of losses in the main futures prices, as a result of the pressure arising from the large harvest in South America. Projections of a full harvest in the United States in the next season are also beginning to emerge, as the The climate is neutral for the northern hemisphere.

agrolink

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