Soybeans up slightly in the US

Published 2023년 3월 6일

Tridge summary

Between February 24 and March 3, the Chicago Mercantile Exchange witnessed mixed market trends in soybeans and soy products. Soybean quotes and soybean meal prices saw a very limited increase, while soybean oil quotes experienced a decline. The rise in soybean and soybean meal prices was influenced by large exports and concerns over a potential smaller harvest in Brazil due to drought. Conversely, the decrease in soybean oil quotes was attributed to other market factors. The article also provides a summary of the fluctuations in soy products in the US over the past few weeks, detailing the changes in soybean and soybean oil prices from the previous periods.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From February 24 to March 3 on the Chicago Mercantile Exchange, quotes of soybeans and soy products behaved differently. Quotes of soybeans and soybean meal continued to rise in price, but at a very limited pace, while soybean oil quotes fell, KazakhZerno.kz reports. On March 3, soybean futures on the Chicago Mercantile Exchange were not stable. On the one hand, they were under pressure from large exports, and on the other hand, they were influenced by fears of a smaller-than-expected harvest in Brazil due to drought. The most active soybean contract remained at $15.09 per bushel. Since Monday, it has fallen in price by 0.7%. As a result, from February 24 to March 3, soybean quotes rose from $15.29 to $15.30 per bushel, or by 0.07%, meal quotes increased from $497.1 to $498.1 per ton, or by 0.20% , while soybean oil fell from $0.6111 to $0.6061 per pound, or 0.82%. The dynamics of soy products in the US from February 24 to March 3 Past Changes From February 3 to 10, soybeans rose ...
Source: Kazakh-zerno

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