Dry bulk market: soybean trade looks set to weaken on harvest delays.

The Seaborne soybean trade could be set for a challenging short-term period, as harvest delays seem to be affecting available for export supply. In its latest weekly report, shipbroker said that 'the short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progress, as well as tensions in diplomatic relations between China and the US which could result in trade disruptions. According to USDA, global production of soybeans for the 2022/23 season is forecast at 385.04 million tons, up...