USA: Soybean meal prices rise on SWOT exchange

From February 17 to 24 on the Chicago Mercantile Exchange, the quotes of soybeans and soy products behaved differently. Quotes of soybeans and soybean meal rose by 0.11% to 1.22%, while quotations of soybean oil, on the contrary, fell, KazakhZerno.kz reports. The situation with soybean prices remains difficult. On the one hand, there is no hope that it will be possible to harvest a good oilseed crop in Argentina, on the other hand, the prospects for its export are deteriorating. All this puts pressure on prices. During the week, American exporters sold 556.6 thousand tons of soybeans, while experts expected sales from 300 thousand tons to 1.15 million tons. As a result, from February 17 to February 24, soybean quotes rose from $15.2725 to $15.29 per bushel, or by 0.11%, meal quotes increased from $491.1 to $497.1 per ton, or by 1.22%, and soybean oil fell from $0.6151 to $0.6111 a pound, or 0.65%. The dynamics of soy ...