Soybeans continue to widen their losses in the US

American cereals moved hesitantly this Thursday evening in Chicago. The current weakness in prices, however, encourages buybacks of positions and awakens the interest of importers. American international sales of wheat (327 kt) and corn (1.1 Mt) also remained dynamic and in line with market expectations last week. US soybean sales, on the other hand, remained stuck at the low end of market expectations last week, at a very low level of 160kt. Brazilian competition, much more competitive, remains a major obstacle to the American presence on the world market. Production prospects in Argentina ...