Brazil: US soybean futures contracts closed lower for the third consecutive session
Soybean
Published Sep 1, 2023
Tridge summary
Soybean futures on the CBOT closed lower for the third consecutive session, with November prices reaching their lowest point since August 24th. The drop in prices can be attributed to above-normal rainfall forecasts in the main grain-producing regions of the United States and the appreciation of the dollar, making Brazilian exports more competitive. Additionally, there were cancellations of soybean sales from the 2022/23 harvest, exceeding the sales volume in the week ending August 24.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
LIBRARY TV SNA SUBSCRIBE Photo: Vecteezy.com Soybean futures contracts on the CBOT closed lower for the third consecutive session. The main maturities registered falls of 17.75 to 18 cents, with November/23 quoted at US$ 13.68¾ (- 1.30%) and January/24 at US$ 13.82 (- 1.27%) the bushel. November at the low of the day (US$ 13.67¼), recorded the lowest price since August 24th. In the last five sessions, November recorded a fall of 0.22% and January of 0.11%. Soybean meal futures on the CBOT closed lower for the third consecutive session. The main maturities registered falls of US$6.20 to US$6.30, with October quoted at US$404.70 (- 1.53%) and December at US$404.00 (- 1.53%) 51%), the short ton. December at the low of the day (US$ 402.80), registered the lowest price since August 24th. In the last five sessions, October recorded a drop of 2.62% and December of 2.01%. Soybean oil closed lower for the third straight session, with December down 0.24%. In the last five sessions, December ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.