Soybeans: Brazil's crop benefits from abundant rainfall

January 7, 2020 at 1:34 PM , Der AUDITOR
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CHICAGO. The US soybean market showed a slight upward trend again after former price losses. Brazil's soybean supply is growing, and trade is no longer ruling out a record crop of 125 million mt.

US soybeans were trading at 934.50 cents per bushel, which is 5 cents higher than yesterday. Weekly export inspections were 41% higher than in the same week last year at 963,830 metric tonnes and gave a slight boost to US soybean prices. China accounted for more than a third of these exports. US exporters of soybeans are worried about access to markets in the Middle East after Iranian General Qassem Suleimani was killed by a targeted US air strike last week. The fear is on both sides though. The riots in the Middle East could result in higher ship loads and cause problems in

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