Soybeans sank 6.4% in Chicago and was one step away from breaking through $ 500

Soybean by-products accompanied the drop, with oil falling 4.47% (US $ 65.92) to US $ 1,407.19 per tonne, while flour fell 6.55 % ($ 27.45 u) and ended the day at $ 391.31 per ton.

According to the Rosario Stock Exchange (BCR), “the negative evolution of the prices of these derivatives is also due to the forecast that the European Union (EU) will import less biofuels this year”.

Corn, for its part, fell 5.89% to US $ 259.24 per tonne. “As in the case of soybeans, rains in producing areas in the United States were the main reason for the decline,” analysts said.

Finally, wheat yielded 4.15% and reached US $ 227.82 per tonne, “Because of the steadily advancing harvest in North America and Europe, the rains in the United States and the drag that caused the decline in soybeans and corn.”