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AMIS Market Monitor

last release: Feb 2018

International Prices

The IGC GOI soybean sub-Index retreated slightly in January, its fourth successive monthly fall, with average export prices weaker at all major origins. Sentiment was weighed by improving 2017/18 crop prospects in Brazil, where initial yields were reported to be promising, together with ideas that US farmers could again boost sowings in 2018/19. Firmer than expected competition from Brazil for export business also pressured, outweighing light support from logistical difficulties on Midwest waterways due to icy conditions. Continued worries about the impact of hot, dry weather underpinned FOB prices in Argentina, but this was countered by currency movements.