US soybeans prices dropped for lower Chines demand - 29.01.20

US soybeans prices dropped for lower Chines demand - 29.01.20

Volatility was also clearly visible in Chicago last night, with a slight drop in soybean prices, penalized by weak Chinese demand and the arrival of Brazilian origins, Agritel reports.

As reported, corn prices find support in high export activity, with 668,559 t shipped during the week of January 16 to 23, against 396,613 t the previous week.

"Operators are still waiting for Chinese imports to materialize, purchases becoming more and more uncertain, in particular with demand which could fall due to the spread of the coronavirus," the message reads.

As a reminder, main agricultural products quoted in Chicago dropped on Jan. 27 even if the wheat managed to close at its highest level of the session.