Grains

Soybean prices are the best this year in some areas

May, 30, 2019 Posted by datamarnews

Week 201923

According to information from AgRural this Thursday (30 May), soybean prices are the best so far this year in some areas of Brazil.

According to the company, some factors can influence the price of the grain. One is the fact that soybeans, corn, and wheat remain stable after the USDA (United States Department of Agriculture) showed that the weather is continuing to punish US farmers.

In addition, as a result of the rains, soybean planting in Brazil this year has proved to be the 2nd slowest in history; only 1990 was slower.

The forecast for June predicts less rainfall and higher temperatures for the sector.

Soybean prices (as of 29/05/2019)

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