Soy quotes on the Chicago Stock Exchange fell by 2.4%

< span style="font-size:14px;">yesterday at the Chicago SWOT, soybean futures fell 2.2-2.4% to a two-week low as traders recorded profits amid improved forecasts for the new crop and falling wheat and corn prices.

< span style="font-size:14px;" > so, July soybean futures fell by 2.4% to 5 565/ton, losing more than 6% in a week, and November – by 2.2% to.510.4/ton on forecasts of heavy precipitation in the coming weeks in soybean growing regions in the United States, which will improve the prospects for the new crop.

< span style="font-size:14px;">prices for old-crop soybeans are under pressure from active exports from Brazil and a possible increase in offers from Argentina.

< span style="font-size:14px;">StoneX estimates that Brazil may export 16.2 million tons of soybeans in May, which will almost correspond to the record figure in April.

< span style="font-size:14px;" > in Argentina, the weather is favorable for harvesting soybeans, but export sales amount to 18.5 million tons and are 20% lower than last year, so the volume of offers may grow soon.

< span style="font-size:14px;" > in Canada, in drought-stricken canola growing regions, long-awaited precipitation will speed up sowing and improve crop prospects. Against this background, November canola futures fell 1% to 604 CAD/t or 5 500/t, although July futures still remain at a high level of 933 CAD/t or 7 770/t.< / p>

< span style="font-size:14px;" > on Paris Euronext, August rapeseed futures fell 2.6% yesterday to €528.5/ton or € 643.7/ton on forecasts for an increase in the EU oilseed crop.

< span style="font-size:14px;">experts of the European agency Coceral expect that the production of oilseeds will grow by 5.2% compared to last year to 29.9 million tons, namely:< / span>< / p>

• < span style="font-size:14px;">rapeseed-by 3% to 16.6 million tons,< / span> < / li>
• < span style="font-size:14px;">soybeans-by 4% to 3.2 million tons,< / span> < / li>
• < span style="font-size:14px;">sunflower-by 9% to 10 million tons< / span> < / li>

< span style="font-size:14px;">oilseed markets remain influenced by news from China and demand forecasts.

< span style="font-size:14px;">live pig futures fell 5% on the Chinese stock exchange yesterday amid an increase in the number and supply of pig meat. However, the country's soybean processing margin remains negative due to falling meal prices.

< span style = "font-size:14px;" >on the Dalian Stock Exchange, July soybean oil futures fell by 1% to 1 1,437/ton, while soybean meal prices fell by 2% to 5 540/ton.< / span> < / p>