Wednesday, 22 May 2019
The expected large payouts to American farmers caused a negative reaction in the soybean market
On Tuesday, may 21, soybeans on the CBOT exchange in the early trading session has increased, reflecting the data about the slow progress of sowing of soybean in the United States.
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The message on the possible allocation of large compensation to farmersaffected by the trade war with China, launched the market in the other direction. Market participants believe that government support to producers of soybeans could increase the acreage. As a result, the market finished the day on a sad note.
The closing price of July soybean contracts declined to 302,03 $/ton, by 3.58 $/ton compared to the previous day.
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bayramoglugroup.com
Translated by service "Yandex.Translation"
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