The price of soybeans on the Chicago Grain Exchange recorded a drop of 3.50 cents in the May/17 contract on Wednesday (08.03), closing at US$ 10.2175 per bushel. The July/17 contract also fell 3.50 cents in the Dollar – the same devaluation as the August/17 contract.
Another day of losses in the main futures prices in the North American soybean market, which is under pressure due to the large supply announced in South America. Investors sold positions awaiting the new monthly supply and demand bulletin from the USDA (Department of Agriculture United States), which should be released today.
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