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AMIS Market Monitor

last release: Nov 2017

International Prices

While seasonal harvest pressure weighed on US values in October, offers in Brazil posted marginal gains and, together with a fractional drop in prices in Argentina, the IGC GOI soybeans sub-Index was broadly steady m/m. After initially progressing slowly, combining across the US advanced quickly in the second half of the month, putting pressure on values. In South America, quotations in Brazil were marginally firmer on sluggish farmer sales and dryness-related seeding delays in core producing areas, including Mato Grosso. In addition, concerns about heavy rains in southern parts offered mild support. In Argentina, where planting got underway, export values weakened, but losses were capped by concerns about earlier wet conditions.