Brisk demand from China and dry weather conditions in Brazil have sent soybean prices on a sharp rise. However, the rally could soon be over as harvest pressure in the US increases.
Soybean prices at the Chicago Stock Exchange have soared since the beginning of August. Since then, they have risen 20 per cent to the equivalent of EUR 325 per tonne. This is the highest level since May 2018. The driving factor in the past two and a half months has been dry sowing conditions in Brazil. This situation could delay sowings and also harvests – to the extent
Soybean prices at the Chicago Stock Exchange have soared since the beginning of August. Since then, they have risen 20 per cent to the equivalent of EUR 325 per tonne. This is the highest level since May 2018. The driving factor in the past two and a half months has been dry sowing conditions in Brazil. This situation could delay sowings and also harvests – to the extent
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