Soybean Prices Rise, Exports Drop: USDA Report

Soybean prices ticked up, with contracts rising one to three cents, while cash prices increased by one and three-quarter cents to ten dollars and fifty-two cents. Soymeal futures surged, while soy oil remained steady. USDAs delayed export sales data showed a three-week low in soybean exports, with China making no purchases. Soymeal sales were strong, but bean oil sales fell short of expectations. Speculators held a net short position of three hundred ninety-one contracts, a slight increase. ANEC revised down Brazilian soybean exports for November by three hundred ten thousand metric tons.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.