Despite the fall in world prices for soybeans, the record high

In the US, the price of soybeans continued to fall amid favorable weather and high sowing rate and reduced demand for meal from the livestock due to the closure of slaughterhouses and meat prices drop. The market presses lower prices for soybeans in Brazil, amid a record pace of exports.

the July soybean futures fell yesterday by 1.6% to 305,93 $/t

According to the NASS USDA, as of April 26 soybeans planted in the US 8% of the planned area, which is 8% higher than last year and 2% average 5-year rate at that date.

In 2019 in the United States with 30.4 million hectares were collected 96.8 million tons of soybeans. This year it is planned to sow the 33.8 million hectares, however, traders believe that farmers may plant more soybeans instead of corn, the price of which has fallen behind the demand for ethanol.

Brazil is stepping up the pace of soybean exports, and ships a daily average 826,6 thousand tons of soybeans compared to 739,7 thousand last week. In April exported 13.2 million tons, exceeding the previous record of may 2018 to 12.4 million tonnes, when sales had risen through the active phase of the trade war between the US and China.

the Shipping Agency Williams predicts that 3 million tons will be shipped before the end of the week, bringing the total export APR will reach 16 million tons.

soybean Exports from the USA remained for the week almost unchanged and amounted to 555,7 kt, and all the season has to 33.48 million tonnes to reach the USDA projected 48.3 million tonnes weekly to ship the 820 thousand tons.

After the price reduction on Brazilian and Argentine soy to 325-330 $/t FOB, the price of U.S. soybeans for delivery in June fell to 328-330 $/t FOB. Prices for June delivery in the Gulf countries fell by 3 $/t to 327,75 $/t

the Price of soybeans in Ukraine remain at a high level. Manufacturers keep sales and traders who need to execute the contracts forced to raise prices in port before 365-370 $/MT for soybeans with GMOs and 375-390 $/t for soya without GMO. Processors have increased prices by 50-100 UAH/t to 12000-12050 UAH/t with delivery to the plant, but the sellers are waiting for price high and limit sales. Because of the unprofitability of individual plants suspended the purchase of soybeans.

According to the state statistics service, as of April 1 stocks of soybeans in Ukraine in 67% yield last year.

the High price of soy can lead to an increase in the acreage of it, although most farmers planned to reduce soybean crops due to low profitability of cultivation. On April 23 soybeans planted 237 thousand hectares of the planned 1.4 million hectares.

experts predict the "Ukroliaprom", soybean production will decrease from 3.7 million tons in 2019/20 MG to 3.3 million tonnes in 2020/21 MG.

a Significant amount of suggestions cheap Brazilian soybeans and Argentine meal may soon drastically reduce the export price for soybeans in Ukraine.