Good harvest prospects put pressure on soy prices

The worsening situation in Ukraine caused prices on the international commodities markets to rise at the beginning of this week. The conflict is fuelling geopolitical tensions in the world. Soybean prices reacted with a slight price increase. The price index of the International Grains Council (IGC) put the soybean price index at 295 points on Monday, October 10. That is 1 point higher than the previous trading day. Compared to a year earlier, it is about 10% higher. The soy price index is a