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AMIS Market Monitor

last release: May 2017

International Prices

World soybean markets retreated significantly during April, the IGC’s daily Index down by 6 percent, as prospects for heavy global availabilities weighed on sentiment. In Brazil, where conditions were mostly favourable, harvesting of what is set to be the biggest ever crop moved into its final stages. Prices were also pressured by survey-based data indicating that US farmers are planning to significantly boost plantings for the 2017/18 outturn. However, declines were trimmed by good international demand, reluctant selling by growers in Brazil and earlier concerns about the impact of adverse weather on mature fields in core areas of Argentina.