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CBOT soybeans fall on good weather, dollar rebounds

Golden Ten Futures, June 10, according to foreign media news, last Friday CBOT soybean futures closed down, of which the base period closed down about 1.7%, because the dollar rebounded, the United States Midwest weather overall good, industry bodies attacked Brazil's new tax measures. Brazilian soybean companies on Thursday attacked the new tax credit rules, increasing the possibility that the measure will be rejected by Congress. The Brazilian Congress is usually influenced by agricultural groups. The US Department of Agriculture will release the June supply and demand report this week. Analysts speculate that the report may show that the 2024/25 annual US soybean production forecast was lowered to 4.44 billion bushels, down 6 million bushels from last month. China imported 10.22 million tonnes of soybeans in May, lower than a year earlier but more than it imported in April as good crushing margins supported demand for cheaper Brazilian soybeans, customs data showed.