The Brazilian soybean market saw a return to record-low prices this Thursday, 23. The prices across the nation were under pressure as grain prices on the Chicago Board of Trade (CBOT) fell again sharply. The strong dollar did not contain the strain. On a week where sales were moving slowly, the day saw few recorded deals. On Thursday, prices for soybean futures trading on the Chicago Commodities Exchange (CBOT) reached new lows. The low-price scenario and the aversion to financial risk triggered sales from funds and speculators.
Source: Canal Rural (*Translated by Ia Niani)