AMIS > Market monitor > Soybean

Download latest report

AMIS Market Monitor

last release: 7 March 2024

International Prices

Soybean

Against a bearish fundamental backdrop, soybean export prices posted further declines during February, with average GOI sub-Index values down by 8 percent month-on-month. Quotations in South America fell sharply on building seasonal pressure, with big harvests still expected in Brazil and Argentina, despite concerns about the impact of earlier sub-optimal weather on yield potential. Generally tepid international demand added to the downbeat tone - as evidenced by a sizable year-on-year lag in US export commitments and mostly routine interest in Brazilian new crop supplies. At times, too, movements in soybean product prices and outside markets were influential.