In Chicago, soybean dropped this week to its lowest level in nine years – 07/14/2018

"The fear that China will face the food needs of its livestock industry in the US exclusion is very Dewey Strickler of Watch Market Advisors

Beijing has threatened Washington to tax US imports of soy in response to the imposition by the United States of punitive tariffs of several billion dollars on imports of Chinese products.

] "Currently, is the United States of America South that meets these needs. But by the end of the summer (boreal), Beijing will have to find another source of supply, "added Strickler

.z also declined this week due to # 39, an upward revision of production in the United States, due to an increase in acreage.

Regarding wheat, the next world cereal crop has been sharply revised downward due to setbacks in the main production areas: the European Union, Russia and Ukraine with the exception of the United States.

                

However, the price fell in the week, affected for the surprising improvement in the quality of spring wheat crops in the United States with a harvest deemed "good" to "excellent" Of 80% according to a weekly report released Monday by the Ministry of Agriculture. US Agriculture (USDA).

The bushel of corn (about 25 kg) to be delivered in December, the most traded contract, closed on Friday at $ 3.5475 against $ 3.730 last Friday at the close (- 4.89

The bushel of September wheat, the most traded, finished at $ 4.9350 against $ 5.1525 a week ago (-4.22%).