Soy continues to lose price in Chicago – Agrolink Analysis

The price of soybeans on the Chicago Grain Exchange recorded a drop of 9.25 cents in the March/17 contract on Tuesday (14.02), closing at US$ 10.45 per bushel. The May/17 contract fell by 9.75 Dollar cents, while the July/17 contract depreciated by 9.00 Dollar cents.

 

The North American soybean market recorded another session of losses in the main futures prices, with no news to guide the market. The forecast is for an improvement in the climate in the largest producing regions of Brazil and Argentina – which confirms this season's great harvest.

 

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