World: Coffee prices hit a 6-week high, agricultural product prices fall across the board

In the agricultural market, 6/7 commodities were in red, with soybean oil leading the decline with nearly 4%. On the contrary, the industrial raw material market recorded positive developments when Arabica and Robusta coffee prices maintained their upward momentum for the fourth consecutive session, bringing the prices of these two commodities to the highest level in the past 6 weeks. Soybean prices extended their decline Closing yesterday's trading session, red covered most of the agricultural market. In particular, soybean prices extended their upward momentum to the second consecutive session when they weakened by more than 1%. In the context of the market not having much new fundamental information, prices were mainly under pressure from the decline of soybean oil and technical selling pressure. According to the Rosario Grain Exchange, rains in Argentina's key agricultural region last weekend supported and maintained a high soybean planting rate this year. The South American ...