Netherlands: Soy prices appear favourable

Agrifirm states this in its market information for raw materials. While soy prices rose by 1 euro per tonne on the physical market, the soybean price will fall by 7 euro per tonne in the future. The favorable weather conditions in the United States in August mean that the prospects for the soybean harvest in that country are positive. A significantly higher harvest is expected than last season. In Brazil, the acreage of soy increased by roughly 5 percent this season. However, the drought at the start of the season is a cause for concern. The same applies to the possible arrival of a 'La Niña', a period in which cold seawater in part of the Pacific Ocean has an effect on the weather in South America. In view of the high prices, growers will do their best to get the largest possible soy harvest, Agrifirm believes. good corn year Not only in large parts of the Netherlands, but also in the United States, the weather conditions are positive for maize growth. The weather forecasts for ...