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AMIS Market Monitor

last release: Sep 2017

International Prices

As pressure from beneficial Midwest crop conditions and heavy South American availabilities outweighed light support from firmer export demand, the IGC GOI soybean sub-Index fell by 3 percent m/m. Improving production prospects in the US were highlighted by better weekly crop condition ratings, while USDA’s August WASDE report, which included an upgraded yield outlook, weighed on sentiment. However, losses were capped by strengthening export interest, especially from buyer in China. Reflecting falls in the US, coupled with pressure from a large local exportable surplus, prices in Brazil also weakened, despite support at times from continued slow farmer selling, robust shipments and firmer internal transport costs.