Soybeans start the week with slight gains in Chicago, United States following grains and meal

Published 2024년 12월 16일

Tridge summary

Soybean futures on the Chicago Board of Trade have experienced slight increases, with prices ranging between 2.75 to 4.50 points higher for the most traded contracts as of 7:10 am on Monday. The prices for January and May soybean futures are quoted at US$ 9.92 and US$ 10.08 per bushel, respectively. This slight uptick in soybean prices is due to gains in soybean meal prices, which have surpassed 1% on the CBOT, but is restrained by a significant drop in soybean oil prices, which have decreased by over 1.5% at the start of the week. Traders are closely monitoring any developments in derivatives as there is a dearth of news in the grain market. Additionally, the decline in the dollar index could lead to gains in other commodities such as corn in Chicago and coffee on the New York Stock Exchange.

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

Original content

The soybean market is starting the week on the Chicago Board of Trade. Soybean futures were up between 2.75 and 4.50 points in the most traded contracts, at around 7:10 am (Brasília time) this Monday (16), with January being quoted at US$ 9.92 and May at US$ 10.08 per bushel. The grain is following good increases seen today in soybean meal - which is up more than 1% on the CBOT - but is still limited by drops in soybean oil, which has fallen by over 1.5% at the beginning of the week. Traders are clinging to any movements among derivatives, since there is still a lack of news for the grain. The falling dollar index also gives space for gains not only in soybeans, but also in other commodities this Monday, such as corn in Chicago and ...

Source: NoticiasAgricolas