Prices for soybeans remain under pressure, demand
during the week of soybeans in the U.S. increased from 344,84 $/t to 348,8 $/ton, and soybean oil with 699,31 $/t to 735,60 $/t
Improved weather conditions in the Midwest United States, where they grow soybeans, slowed down price growth.
the drought-Induced increase in the price of wheat did not support soy quotes, as traders take into account the significant reserves and a decrease in the rate of grain exports. Last week, the United States exported only 275,461 thousand MT of soybeans against 511,718 thousand tons in the previous week. However, such exports meet the expectations of the experts and is in the range sufficient to reach the USDA projections concerning the export for the year 2016.
Supported the price of soybeans, the U.S. export Council soybean (USSEC) is scheduled for July 13 signing of an agreement for China to buy 13 million tonnes of the oilseed.
In Ukraine, prices for soybeans remain under pressure from low export demand. Today the price of soybeans the processors determine which is unusual, because 70-80% of the harvest of olives is sold for export.
during the week the price of soybeans decreased by 100-300 UAH/t to the level.
- 10800-11200 UAH/t for deliveries to the factory
- 10500-10800 UAH/t in the elevators.