Prices for soybeans remain under pressure of political news

After the statement by China on the abandonment of trade negotiations with the United States and increased purchases of soy in South America soybean futures in Chicago on Friday fell by 2.8% to 301 $/t

Chinese state-owned company Sinograin and Cofco acquired last week in Argentina and Brazil, at least 5million  tons of soybeans amid falling debris, and spot procurement in the United States.

At the talks in December, China agreed to resume imports of soybeans from the United States and promised to buy 20 million tonnes of U.S. soybeans, of which today purchased 12.5 million T. But trade negotiations have stalled, China is pressuring the U.S. refusal to buy U.S. agricultural products, therefore, is unlikely to redeem the remaining 7.5 million tons of soybeans.

On electronic markets soybean futures at the weekend rose sharply to 307,4 $/t after rapid growth of quotations of oil of mark Brent 1.3 percent to 73.15 $/bbl amid confrontation between the US and Iran.

President trump wrote in the Sunday tweeted: "If Iran decides to fight with the States, it will be the end of him. Never threaten US!".

the United States has deployed in the Persian Gulf carriers on the basis of survey data about the growth of threats against U.S. forces and commercial shipping in the East from Iran and in response to damage tankers and attacks on oil pipelines in Saudi Arabia.

Quotation of palm oil in Malaysia on Friday, rose 2.5% to 503,48 $/t and supported the markets for soybeans and oil.

In Argentina and Brazil significantly increased premiums for the next delivery of soybeans against the backdrop of increasing demand from China, despite forecasts of output growth.

Experts exchange BAGE increased its forecast of soybean production in Argentina by 1 MMT to 56 MMT, which is less than the projected USDA 57 mln t. In Argentina, soybeans are collected at 76.7% of space, which is 6.1% higher than the average for this date.

the depreciation of the Brazilian real to a 7-month low makes Brazilian soybeans konkurentnoy than the us.