Soybean price supported in the short term

The IGC price index, a measure of the price of soybeans in the world, stood at 274 points on Monday, 10 September (year 2000 = index 100). That is 9% lower than the price index was a year ago. Since the price dip at the end of May (246 points), the price index for soybeans has been at a higher level. Short-term expectations Dry conditions in the US will push down soybean crop estimates. Progress reports on US soybean conditions have been worse than expected in recent weeks. The condition of s