Tridge summary
On Tuesday, in the U.S. Midwest, spot prices for corn were mixed, while soybean prices mostly remained stable or high, driven by low farmer sales.
Soybean futures on the Chicago Mercantile Exchange closed lower for the second consecutive session on Tuesday due to the lack of favorable news and expectations of a large harvest in South America, traders reported.
January soybean futures on the CBOT fell by 3.5 cents to $11.243.4 per bushel.
January soybean meal futures on the CBOT closed down by $3 at $311.60 per short ton, while January soybean oil futures closed higher, rising by 0.32 cents and settling at 52.68 cents per pound.
Traders continued to assess Chinese demand for U.S. soybeans. The U.S. Department of Agriculture did not report any new "flash" sales of U.S. soybeans on Tuesday after a series of confirmed orders last week.
Soybean futures on the Chicago Mercantile Exchange closed lower for the second consecutive session on Tuesday due to the lack of favorable news and expectations of a large harvest in South America, traders reported.
January soybean futures on the CBOT fell by 3.5 cents to $11.243.4 per bushel.
January soybean meal futures on the CBOT closed down by $3 at $311.60 per short ton, while January soybean oil futures closed higher, rising by 0.32 cents and settling at 52.68 cents per pound.
Traders continued to assess Chinese demand for U.S. soybeans. The U.S. Department of Agriculture did not report any new "flash" sales of U.S. soybeans on Tuesday after a series of confirmed orders last week.
Original content
On Tuesday, spot corn prices in the U.S. Midwest were mixed, while soybean prices mostly remained stable or high, driven by low farmer sales. Soybean futures on the Chicago Mercantile Exchange closed lower for the second session in a row on Tuesday due to the lack of favorable news and expectations of a large South American crop, traders reported. January soybean futures on the CBOT fell 3.5 cents to $11.24.3,4 per bushel. January soybean meal futures on the CBOT closed down $3 at $311.60 per short ton, while January soybean oil futures closed up 0.32 cents at 52.68 cents per pound. Traders continued to assess Chinese demand for U.S. soybeans. The U.S. Department of Agriculture did not report any new "flash" sales of U.S. soybeans on Tuesday after a series of confirmed orders last week. An analyst reported that China had purchased some Brazilian soybeans at a lower price than U.S. soybeans. Brazil is expected to harvest its largest soybean crop in early 2026, but traders are ...
Source: Oilworld
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