Prices have been held, but precipitation may continue to push quotes down

Although the previous rainfall deficit could not be fully compensated, the expected rainfall of around 20-30, sometimes around 50 mm, arrived in both Northern Europe and central Russia, creating a more favorable situation for vegetation. As a result, quotations tended to be a declining trend, but the level of quotations was already so low that no further price declines occurred - it was more of a held trend. In the physical market, attention was focused on tensions between the U.S. and China, with the Chinese government calling on their companies not to buy U.S. soybeans, but significant Chinese purchases were nonetheless made. As a result of hundreds of thousands of tons of purchases, the U.S. soybean quote was able to strengthen after a month and a half of sideways movement, and analysts are confident of further strengthening in the event of further purchases. The source of the tension was due to the status of Hong Kong and the political confrontation between the parties may be ...