Global soybean prices in ports fell by $10/t

Global soybean prices are under pressure due to a robust U.S. soybean harvest and traders' concerns about the weakness of the Chinese economy, the world's largest soybean importer. This is reported by Spike Brokers analysts. A rate cut in the US is usually positive for commodity markets, but the bearish balance in the soybean market is likely to continue to put pressure on the harvest. Ukrainian producers are actively selling soybeans in all directions. The price of GMO soybeans decreased by €10 compared to last week, under the influence of increased supply. In the direction of ports, traders reduce prices by $10, which also indicates changes in the market. The latest indications of GMO buyers:• DAP Ukraine (Odesa) ~380-385$;• DAP Ukraine (Danube) ~390-395$;• DAP Ukraine (border) ...