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AMIS Market Monitor

last release: June 2018

International Prices

After six consecutive monthly gains, average export prices dipped in May, led by declines in Ukraine. Despite supportive currency movements, prices there retreated from earlier elevated levels on robust international competition and tepid buying interest. Support in the US came from deteriorating production prospects in South America and a robust pace of exports, but gains were countered recently as overseas interest slowed. Mostly good growing conditions for the next crop and fresh talk about US-China trade added pressure. The market in Argentina was particularly firm on a weakening peso and slow country movement, although gains in export prices were pared by slack overseas demand.