Various factors putting pressure on soy prices

International prices for soybeans are under pressure. The International Grain Council (IGC) price index, a benchmark for the price of soybeans in the world, stood at 259 points on Monday, 25 September (year 2000 = index 100). That is 15% lower than the price index was a year ago. The price for soy fell on the market early in September due to the depreciation of the US dollar against the Brazilian real. That made Brazilian soy more expensive to sell on the world market. Demand from abroad ther