Soybean prices fall in Chicago and concern producers

According to an analysis by the International Center for Economic Analysis and Agricultural Market Studies (Ceema), covering the period from August 15 to August 21 and released last Thursday (21), soybeans showed variations in the Chicago market. The first month quoted fell to US$ 10.13/bushel on August 19, but rose again at the close of August 21, reaching US$ 10.34/bushel, compared to US$ 10.08 recorded the previous week. The report highlighted the strong appreciation of soybean meal, which gained 11% between August 1 and August 21, while oil showed a decrease of 6.4% between August 1 and August 20. The conditions of the American crops, on August 17, indicated 68% in good to excellent condition, 24% regular, and 8% poor or very poor. In the week ending August 14, the United States exported 473,605 tons of soybeans, accumulating 48.9 million tons in the current marketing year. The National Oilseed Processors Association (NOPA) reported that the crushing in July reached 5.33 ...