Less tension on the soybean market due to China’s Covid policy

International soybean prices are falling slightly. The IGC price index, a measure of the price of soybeans in the world, fell to 297 points on Monday, December 5 (year 2000 = index 100). A week earlier, this index was at 304 points. There are reports that due to the public protests, China is about to relax strict Covid policies. It makes the market less tense. In addition, the United States sold 130,000 tons of soybeans to China this week. South American harvest Looking further ahead at the