The price of soybeans on the Chicago Grain Exchange recorded a drop of 9.50 cents in the November/16 contract on Tuesday (04.10), closing at US$ 9.635 per bushel. The January/17 contract fell by 8.75 Dollar cents, while the March/17 contract depreciated by 8.50 Dollar cents.
The North American soybean market had a day of losses in the main futures prices, giving back the high gains obtained in previous sessions. This is a technical price adjustment movement, because the fundamentals remain stable, with strong demand on the one hand and a record harvest on the other.
Source: Agrolink
