The Chicago Stock Exchange returned to operations after the holiday and soybeans closed down with falling weather and by-products, according to information released by TF Agroeconomia. “Soybean contract for July 23 closed down -3.05% or $-40.75 cents/bushel at $1296.50. The price of November23, the main trading date in the US, closed down -3.05%, or $ -36.25 cents/bushel at $1153.25”, he comments. “The May 24 quote closed down -2.64% or $-31.75 cents/bushel at $1171.75. July Soybean Meal contract closed down -2.39% or $-9.6 ton short at $392.6 and July Soybean Oil contract closed down -5.37% or $ -2.62/pound at $46.20”, he adds. Soybeans in Chicago started the post-holiday week at a sharp low. “Rain in areas in key states like Nebraska, Iowa and Minnesota over the weekend brought moisture to areas where it is most welcome. Soy enters the final stretch of planting without major setbacks. The oilseed was still heavily pressured by the drop in soybean oil, which, following the drop ...
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