Soybeans closed the week higher in Chicago

At the close of the day, the November soybean contract retreated 0.29%, priced at US$ 1,041.75 per bushel, while the January contract fell 0.14%, to US$ 1,060.50. Meanwhile, soybean meal for December registered a 0.62% increase, closing at US$ 294.10 per short ton. Soybean oil, on the other hand, had a 1.18% drop, ending at US$ 50.27 per pound. TF Agroeconômica highlighted that the recent appreciations of the oilseed have triggered a movement of profit-taking and increased sales by U.S. producers, taking advantage of the moment when the soybean harvest is nearing its end. Despite the daily fluctuations, the week ended positively: soybeans accumulated a 2.18% increase, equivalent to US$ 22.25 cents per bushel; meal rose 4.66%, or US$ 13.10 per short ton; while soybean oil fell 1.68%, which represents a ...