Soya closes slightly higher in the US, in correction movement

Published 2023년 9월 8일

Tridge summary

CBOT soybean futures contracts closed higher, with the main maturities registering gains. Soybean meal futures contracts also closed higher, while soybean oil closed lower for the fourth consecutive session. Weather forecasts for the Midwest, with the possibility of rain, contributed to the market's perception that the worst may have already passed for US productivity estimates. Traders are awaiting the release of the USDA monthly supply and demand bulletin, which will provide important data on the 2023/24 harvest in the USA and the new season in South America.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

SNA TV LIBRARY SUBSCRIBE Photo by Kelly Sikkema on Unsplash CBOT soybean futures contracts closed higher. The main maturities registered gains of 3.50 to 4.25 cents, with November/23 quoted at US$ 13.63 (+ 0.26%) and January/24 at US$ 13.78 (+ 0.31 %) the bushel. November's low of the day ($13.52½) registered the lowest price since August 23. In the last five sessions, November recorded a drop of 0.40% and January of 0.29%. Soybean meal futures contracts on the CBOT closed higher. The main maturities registered gains of US$ 6.10 to US$ 6.30, with October quoted at US$ 402.70 (+ 1.59%) and December at US$ 401.40 (+ 1.54% ), the short ton. December's low of the day ($393.20) registered the lowest price since August 23. In the last five sessions, October registered a drop of 0.44% and December of 0.62%. Soybean oil closed lower for the fourth consecutive session, with December recording a drop of 0.46%. December's low of the day (60.16) recorded the lowest price since August 14th. In ...

Source: SNA