US Planting Advances and Chinese Preference for Brazilian Soybeans Change the Game
Soybean and corn prices fell sharply on the Chicago Stock Exchange on Tuesday. The decline was driven by two major movements: the faster-than-expected growth in U.S. planting and Chinas public signal that it will prioritize the purchase of Brazilian soybeans in the coming months.
Soybean July/25: US$ 10.52/bushel (down 9.75 points)
Corn May/25: US$ 4.60/bushel (down 15 points)
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