US: Soybeans feel the weak USDA data and close Friday down almost 1% on Chicago

Published 2024년 12월 27일

Tridge summary

Soybean futures prices on the Chicago Board of Trade (CBOT) closed with a decline this Friday, with the January/25 contract dropping by 8.00 points, the March/25 contract by 7.50 points, the May/25 contract by 7.00 points, and the July/25 contract by 6.50 points. This represented a decrease in indexes by 0.81% for January/25, 0.75% for March/25, 0.69% for May/25, and 0.64% for July/25. This decline was due to weekly sales data falling short of expectations for soybeans and remaining neutral for bran, alongside reduced demand from China and concerns about South American weather conditions.

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

Original content

International soybean futures prices closed trading this Friday (27) with negative movements on the Chicago Board of Trade (CBOT). The January/25 contract was quoted at US$ 9.80 with a devaluation of 8.00 points, March/25 was worth US$ 9.89 with a loss of 7.50 points, May/25 was traded at US$ 10.00 with a drop of 7.00 points and July/25 was worth US$ 10.12 with a drop of 6.50 points. These indexes represented drops, in relation to the closing of last Thursday (26), of 0.81% for January/25, 0.75% for March/25, 0.69% for May/25 and 0.64% for July/25. Analysts at Agrinvest point out that, after yesterday's strong jump, bran and soybean futures traded lower in Chicago on the last day of the week. “Weekly sales ...

Source: NoticiasAgricolas