The soybean price in Chicago has dropped because of climate improvement forecasts

The soy on the Chicago stock market to favorable crop prospects while stabilized wheat and corn up. After a heat wave that punished the US crops, the forecast of cooler temperatures and possible rains lowered cereal prices on Monday.

Soybean continued the trend after crop quality and soybean estimates remained unchanged last week, while 54% of production was considered good and excellent. Contracts for oilseeds in August and September fell by 0.27% (US $ 0.9) to u $ s325.5 and $ 327.6 per ton, respectively.

On the other hand, expectations of the maize crop have decreased slightly. 58% were rated as good or excellent compared to 57% a week ago. At the end of the session, agricultural prices improved after the press announced that the United States and China next week they will resume conversations About your business conflict.

However, the marked strengthening of the dollar against major currencies "has limited any significant price increases," said Mike Zuzolo of Global Commodity Analytics. The rise of the dollar subtract competitiveness to US exporters.

The bushel (25 kilos) for delivery in December reached 4.3150 dollars against 4.2675 Monday (+ 1.1%). Wheat to be delivered in September remained at $ 4,88725 the day before. Soybeans to be delivered in November fell to $ 9.0375 from 9.0575 at the last session (-0.2%).