Soybeans on CBOT and canola on ICE are growing

Chicago Mercantile Exchange soybean futures closed higher Thursday, with the most active contract rising from a nearly four-year low after the U.S. Department of Agriculture reported significant sales of U.S. soybeans to unidentified buyers. CBOT soybeans for August delivery rose 1-1/4 cents to $10.98-1/2 a bushel, and top-active November soybeans rose 2 cents to $10.43 a bushel, rebounding after falling to $10. ,31-3/4, the lowest level on a continuous chart of the most active contracts since October 2020. August CBOT soybean meal futures were down $1.90 at $337.20 a short ton and August soybean oil futures were up 0.24 cents at 46.45 cents a pound. The USDA confirmed private sales of 510,000 tons of U.S. soybeans to undisclosed destinations, the largest daily "flash sale" of U.S. soybeans since November. The USDA also confirmed new sales of 150,000 tons of U.S. soybean meal to unknown buyers. Separately, in its weekly export sales report, the USDA said U.S. export sales of ...