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AMIS Market Monitor

last release: April 2019

International Prices


World export values weakened during March, the IGC soybean sub-Index down by around 2 percent, but with contrasting trends across major origins. Average US Gulf quotations were fractionally firmer over the month as hopes for a resolution of the US-China trade dispute underpinned at times, while Midwest logistical difficulties due to adverse weather added support. Nevertheless, gains were capped by sluggish international demand and ideas that delays to US maize fieldwork could encourage farmers to sow additional soybean acres. Seasonal pressure weighed on South American values as harvesting in Brazil advanced to more than two-thirds complete, with currency movements also a factor.