CBOT soybeans fell to a seven-week low due to good spring sowing conditions
2024-04-18 23:38:21
Golden Ten Futures, April 19, according to foreign media news, Thursday CBOT soybean futures closed moderately lower, of which the base period closed about 1.31% lower, because Brazilian farmers actively sell soybeans, and the United States planting weather is generally favorable. One analyst said that due to the decline in the Brazilian real, we see Brazilian farmers selling more soybeans. Strong demand for Brazilian soybean exports in recent weeks has helped to raise spot prices, while also curbing demand for U.S. soybean supplies. As the world's third largest soybean exporter, Paraguay's soybean harvest this year will hit a record high, but industry insiders said that exporters are concerned that low river levels will lead to slower shipments in the important waterway of the Paraguay River-Parana River.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
