Soybean quotes continue to fall in global markets, and analysts predict that this trend will continue until May.

The reason is multifactorial, including rising soybean production in the US, lower demand for the product in China and India, as well as geopolitical factors such as the war in Ukraine and sanctions against Russia.

Soybean prices continued to fall in the first quarter of 2024 due to better-than-expected US production growth. Despite this, the cost of growing soybeans in the United States is increasing, which may lead to a reduction in acreage for this crop next season.

In addition, demand for soybeans in China and India, the world's two largest consumers, is declining due to high commodity prices. This could stand in the way of a price bottom in the market in May if demand does not pick up.

Geopolitical factors, such as the war in Ukraine and sanctions against Russia, also affect soybean prices. Losses in production and exports from Ukraine and Russia have led to increased demand for soybeans from other countries such as Brazil and the US, which in turn could support market prices.

Overall, the soybean market expects to reach a price bottom in May, but further trends will depend on many factors, including weather conditions, US production and demand for products in major consumers.