Tridge summary
Soybean futures at the Chicago Board of Trade closed higher on Friday due to concerns over crop losses from flooding in Brazil. July soybean futures rose 11-3/4 cents to $12.28 per bushel, marking a fourth consecutive weekly increase. Despite challenging weather conditions, Brazil's Rio Grande do Sul state has managed to harvest 85% of its soybeans, up from 78% the previous week. The rise in CBOT soyoil also contributed to the increase in soybean futures.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Chicago Board of Trade soybeans closed higher on Friday on concerns over crop losses due to flooding in Brazil, analysts said. CBOT July soybean futures SN24 settled 11-3/4 cents higher at $12.28 per bushel. For the week, CBOT July soybeans SN24 rose 9 cents per bushel, or 0.7%, for a fourth straight weekly advance. CBOT July soyoil BON24 ended up 0.75 cent at 45.27 cents per pound, while CBOT July soymeal SMN24 settled $1.1 higher at $368.80 per short ton. Brazilian state crop agency Emater on Thursday said soybean harvesting in Brazil’s flood-hit Rio Grande do Sul state reached 85% of the area, up from 78% last week, even as ...
Source: Hellenic Shipping News
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