Early US soybean sales are slower than in previous years

North American commercialization of US soybeans is slower this year compared to previous ones. In the analysis of Aaron Edwards, Market consultant at Roach Ag Marketing, the main reason is low prices. "Producers did not want to give up and tradings tend to have more beans purchased in this period than they do now," he says, direct from the USA to Notícias Agrícola. "The producer does not want to make commitments at these levels for the harvest, so he now hopes for something better and also does not want to guarantee a loss if it is below the cost of production, and he is afraid", he adds. The fear, after all, comes from a market that remains very lateral, and without enough strength to target more clearly. The consultant also explains that the trend is upward for soybean prices on the Chicago Stock Exchange, however, says that this trend needs to be fueled by news that should come, mainly, on the demand side. On the other hand, Edwards says also states that the possible climatic ...