CBOT soybean prices remained in mixed to lower side

Sept’18 USDA’s grain stocks pressured the prices on the higher than expected stocks. However, NAFTA negotiations and weather issues on harvest time led to a recovery in prices in last week. As of now, 23% crop has been harvested across the country and it is interesting to see if USDA reduces U.S. soybean yield prospects in coming supply demand report which is due on Thursday. And a growing supply appears set to place more emphasis on trade over the upcoming marketing year. Meanwhile, prices are again in under pressure as ongoing concerns related to trade war with the United States and China increased and this uncertainty will keep prices in under pressure.