Global oilseed market: USDA confirms global bumper crop expectations, most oilseeds fall

On Friday (September 13), the November soybean futures contract of the Chicago Board of Trade (CBOT) closed at US$10.0625 per bushel, up 0.1% from a week ago; the average price of soybeans in the US Gulf for October shipment was US$10.7375 per bushel, up 0.1%; the December soybean meal closed at US$322.9 per short ton, down 0.5%; the December soybean oil closed at 38.93 cents per pound, down 1.8%; the November rapeseed futures contract of Euronext closed at 456.50 euros per ton, down 1.6%; the November rapeseed futures contract of Intercontinental Exchange closed at 541.8 Canadian dollars per ton, down 4.8%; the spot price of FOB soybeans in Upper River, Argentina was US$414 per ton (including 33% export tax), down 1.2%. The ICE dollar index closed at 101.1 2 points, down 0.02% from a week ago. The USDA maintains its forecast that the US soybean yield will reach a record level in 2024 The USDA confirmed in its September supply and demand report that the US soybean yield in 2024/25 ...