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AMIS Market Monitor

last release: October 2018

International Prices

Average global soybean values posted 2 percent net losses during September, although there were contrasting trends at key origins. Against the backdrop of an anticipated record crop, harvesting of which got underway, and an ongoing trade dispute with China, US Gulf export values retreated. In contrast, South American markets were firmer. Despite light pressure from a weaker currency and the onset of the 2018/19 planting campaign, quotations in Brazil moved higher on the strength of underlying demand and prospects for sustained buying interest from China, reflected in historically elevated basis levels. In Argentina, FOB prices were a touch higher as support from tight availabilities and fresh export interest countered the influence of currency movements.