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In the midst of global tension and drought in Argentina and Brazil, soybean surpassed US$600 per ton

RIO DE JANEIRO, BRAZIL - The international price of soybeans again showed significant increases in the Chicago reference market, reaching its highest level in more than a week due to persistent concerns about dry weather in the production areas of Brazil and Argentina.

The oilseed contract expiring next March rose US$12.31, and the ton was quoted at US$600.76. Meanwhile, due to withholdings and the exchange rate split, the Argentinean producer receives a price much lower than the one presented today in Chicago.

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