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AMIS Market Monitor

last release: February 2019

International Prices

Soybean

Average world soybean prices were marginally softer during January, although there were contrasting trends at major origins. US export prices were firmer on hopes that a breakthrough in the trade dispute with China would give a significant boost to trade. Reports of purchases of US supplies by China’s state grain buyers provided mild support, as did escalating southern hemisphere crop worries. However, gains were capped by a generally bearish global supply and demand profile. In Brazil, concerns about the impact of hot, dry weather on production prospects underpinned values, but seasonal harvesting pressure led prices lower, with FOB values also weaker in Argentina.