Soybeans: Chicago, United States falls again, reflecting greater supply from South America and strong dollar

Soybean grain contracts record lower prices in electronic session negotiations on the Chicago Mercantile Exchange (CBOT). Once again, the market begins the trading day under pressure. Abundant supply, with the start of the Brazilian harvest and the optimistic outlook for production in Argentina, together with concerns about demand in China, negatively influence prices. The strong acceleration of the dollar against other currencies completes the bearish picture for prices. Check out hot information about agriculture, livestock, economy and weather forecast in the palm of your hand: follow Canal Rural on WhatsApp! Contracts expiring in March operate at US$ 12.13 per bushel, a decrease of 9.25 cents, or 0.75%, in relation to the previous closing. Yesterday (31), soybeans closed with higher prices, on a day of great volatility. In the last session of the month, investors sought to adjust their portfolios, reducing the losses accumulated in January (5.84% in the March position). The ...