Global soybean market to remain volatile until end of January

Against the backdrop of favorable weather conditions in South America and a decrease in soybean processing in the US, January soybean futures on the Chicago Board of Trade fell by 3.8% to $349.7/t, which is the lowest figure in the last four years (-4.8% per month, -35% per year). This is reported by growhow.in.ua. According to NOPA, the volume of soybean processing in the US in November decreased by 11% to 5.287 million tons, which is below the expected 5.35 million tons. At the same time, the high rate of soybean exports from the US has not yet affected the quotes due to expectations of a reduction in supplies to China in the second half of the season. The reason is a possible aggravation of trade relations after the new US president comes to power. It is noted that in the 2024/25 season, the EU increased soybean imports by 16%, to 6.27 million tons, of which 600 thousand tons were supplied from Ukraine. Imports of soybean meal increased by 32%, to 9.08 million tons, with Brazil ...