The South American soybean market is seeing reduced Chinese demand for July. One reason is that a sharp drop in the Dalian futures this week eroded crush margins. Consequently, there is some available elevator capacity in Brazil for May shipment, which is unusual for this time of year. Soybean Prices Pressured in the Spot Market The South American soybean market is currently being pressured by reduced demand as the Chinese seem comfortable with the volume they have already booked for April and May. Adding to the pressure of slowing demand is the fact that Argentina crushers are dealing with a strike by oil workers, which is blocking most of the crushing plants in the area of Rosario. The tension is unlikely to end because the Argentine go...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Farm Inputs, North America, South America