The price of soybeans on the Chicago Grain Exchange registered an increase of 1.25 cents in the November/16 contract on Thursday (08.09), closing at US$ 9.7625 per bushel. The January/17 contract rose 1.50 cents per dollar, while the March/17 contract rose 1.75 cents per dollar.
The North American soybean market had a session of stability in the positive field in the main futures prices, after five sessions of consecutive increases. The expectation is that the new USDA (United States Department of Agriculture) bulletin, to be released on Monday (12.09) will bring a decrease in US stocks, due to heated global demand.
Source: Agrolink
