South American Soybean Market Developments The few old-crop soybeans in South America are being retained by Argentine farmers as a protective hedge against inflation. In the meantime, the South American market for new crop soybeans remains quiet these days as limited selling by Brazilian farmers is restricting the FOB or CNF offers.Demand is concentrated on the February and March period. However, there are few sellers on the open market. A limited number of offers exist for May and June, but exporters are asking +75SK and +82SN for north ports with the bid-ask around 10 cents apart.Two soybean cargoes were traded in Argentina this week at +152 SN CNF China for May shipment and +156SN for June shipment. The latter one gives a FOB parity...