Soybeans fall 4% this Friday in Chicago, United States following aggressive losses of oil, bran and grains

The soybean market closed this Friday's session with a significant 4% drop on the Chicago Stock Exchange. Oilseed futures led the declines in the grains market, with corn, wheat and soybean products also concluding the day with aggressive declines. With the losses of this session, the market returned what it rose during the week and still lost a little more. As a result, the August contract closed at US$10.71 and the November contract, a reference for the American harvest and the most traded contract now, at US$10.46 per bushel. Corn and wheat futures lost more than 2%, while meal lost more than 1.5% and soybean oil more than 5%. "With this drop, oil tested its lowest levels in three and a half years", states the Agrinvest Commodities team. "The negative point comes from the US environmental policy. According to some documents, the US Supreme Court granted a new waiver for small refineries that did not comply with the mandatory percentages in recent years. The decision could lead ...