The price of soybeans on the Chicago Grain Exchange recorded a drop of 0.25 cents of Dollar on Friday (27/01) in the March/17 contract, closing at US$ 10.4925 per bushel. The May/17 contract also fell by 0.25 cents of the Dollar – the same devaluation as the July/17 contract.
The North American soybean market recorded a session of slight losses in the main futures prices at the end of the week. The pressure, although moderate, continues to be due to the prospect of a full harvest in Argentina, which is already able to overcome climate problems.
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