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According to the monitoring data of AI "APK-Inform", the price of soybeans in Ukraine is falling for the second week in a row. The resulting situation is due to the large number of offers of this product on the market. As of November 13, 2024, demand prices for soybeans (GM) are mostly fixed at no higher than UAH 18,200/t SRT, which is lower than the maximum prices announced at the beginning of November by an average of UAH 1,000/t. We will remind that the maximum demand prices for soybeans in the same period last year were usually announced at the level of UAH 16,000/t of SRT.

Soybeans closed Wednesday on the CBOT with the contract down 2 ¾ to 4 cents. Soybean meal futures fell 50 cents. Soybean oil futures continued to slide, losing 85 to 105 points.

Argentina's Rosario grain exchange on Wednesday raised its forecast for the country's 2024/25 soybean harvest as abundant rainfall in the second half of October allowed farmers to speed up the pace of planting.