Soybean Market Update (Jun 14, 2017)

Soybean prices in the international market increased on Wednesday. The most active soybean contract on Chicago Board of trade increased to 0.1 percent to $9.33-1/2 a bushel which was set to 0.1 percent on Tuesday. The ratings given to the soybean crop by the U.S. Department of Agriculture were as good as 66 percent rather than excellent, which was then compared with the estimates made for the soybean crops of near about 69 percent.

According to the National Oilseed Processors Association's, the May soybean crush was estimated to decrease by 6 percent below the 2016 level, with the U.S processors slowing their momentum in the middle of enormous South American supplies.

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