U.S. soybean prices plummeted more than six percent in a week

Last week, in both Europe and Chicago, the prices of all major agricultural products fell, and even among the less watched products, there was no one that would have closed the week an extra. In Chicago, wheat lost 1.9 percent, corn 2 percent, soybeans 6.1 percent, and canola 3.7 percent. In Europe, mill wheat is 1.6 per cent, maize 3.2 per cent, rapeseed 3.9 per cent and feed wheat minus 4.9 per cent. In the United States, wheat cost $ 250.08 per tonne after a nearly two percent decline. After nearly the same rate of depreciation, corn cost $ 269.71. Soybeans fell to $ 554.01 per tonne after falling more than six percent. It saw a nearly four percent minus $ 384.04 / tonne price level seen in the rapeseed market. According to a Reuters report, the U.S. Environmental Protection Agency is considering how to help oil refineries. The White House is reportedly considering that fuel refineries could be exempted from the blending rate for biofuels. If demand falls as a result, demand ...