Soybean Market Update (Jun 21, 2017)

Soybean prices were nearly firm to 0.5 percent in the international market on Wednesday. The most active soybean contract on Chicago Board of Trade climbed high to 0.32 percent to $9.30-3/4 a bushel which was closed to 1.1 percent on Tuesday. According to the reporters the trading activity was reported weak on Tuesday as traders were not in mood for any commitment because of fall in American Soybeans. 

On late Monday, 67 percent of the U.S Corn and Soybean crops were rated from its good to excellent conditions by the USDA. The corn figure was firm with the previous week while the soybean number was high by 1 percentage point.

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