In this week's Soybeans market update for August 11th, 2024:

China's soybean imports in July increased by 2.9%, reaching 9.85 million tonnes, though still falling short of expectations. A weaker economy, lower pork demand, and reduced crushing margins are affecting future demand. Meanwhile, Ukraine faces a disappointing soybean harvest with low yields driving up prices, while Brazil's soybean sector struggles with low prices despite an expected increase in cultivation area for 2024/25.

In the United States, a record soybean harvest is projected with favorable conditions, potentially leading to a global supply surplus. These regional developments highlight the complexities and interconnectedness of the global soybean market.

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