last release: March 2017
World soybean markets were marginally firmer during February. Lingering worries about southern hemisphere production prospects and firm demand for US old crop availabilities provided initial underpinning. However, improving South American weather weighed, especially in Argentina where earlier heavy rains caused flooding in central growing regions. In Brazil, the advancing harvest pressured prices, with an uptick in farmer sales reported in the main producing state of Mato Grosso as supplies increasingly filled export channels.