CBOT soybean prices rise on unexpectedly strong export sales in United States

게시됨 2024년 8월 30일

Tridge 요약

Chicago soybeans rose Thursday on short covering and increasing export demand, despite expectations of a large U.S. crop. The most-active CBOT November soybean futures contract increased by 15.5 cents to $9.92.5 a bushel. The U.S. Department of Agriculture reported that U.S. export sales of 2024/25 soybeans for the week ending Aug. 22 were above trade expectations at 2,615,800 mt. Concerns about the impact of hot and dry Midwest weather on the soybean crop have eased with forecasts of milder weather. Additionally, wheat futures rose due to strong export sales, but are under pressure from cheap Black Sea exports. Corn futures also rose due to short covering and better-than-expected export sales. Canola prices had their best session in over a month, with prices reaching early August levels.

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원본 콘텐츠

Chicago soybeans rose Thursday on short covering and rising export demand, although expectations of a bumper U.S. crop capped gains, traders said. The most-active CBOT November soybean futures contract rose 15.5 cents to settle at $9.92.5 a bushel. The most-active CBOT December soybean meal futures contract rose $2.60 to settle at $310.90 a short ton. The most-active CBOT December soybean oil futures contract rose 1.41 cents to settle at 42.13 cents a pound. The U.S. Department of Agriculture reported that U.S. export sales of 2024/25 soybeans totaled 2,615,800 mt for the week ending Aug. 22, above the 1,500,000-2,500,000 mt trade expectations range. Market participants had expressed concern that recent hot and dry weather in the Midwest would impact the soybean crop, but forecasts for milder weather have allayed those concerns, traders said. It remains uncertain whether the soybean crop will reach its full potential, which is expected to be a record, but rainfall has eased ...

출처: Oilworld