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AMIS Market Monitor

last release: July 2017

International Prices

Average soybean export values retreated during June, the IGC GOI sub-Index down by 2 percent, although movements were sometimes two-sided and linked to changing weather outlooks. Supply-side fundamentals pressured, with weather mostly seen as beneficial for the US crop. Worries about slower demand from China amid depressed crush margins and some talk of a switch of intended acreage from maize to soybeans added to the negative tone, outweighing mild support from export demand. More recently, extended forecasts for hot, dry Midwest weather helped to trim overall losses. Despite slow grower sales, shipments by Brazil progressed at a record pace, but quotations eased m/m on ample global availabilities and currency movements.