On the Chicago Stock Exchange, soybeans closed lower with profit-taking after four consecutive increases, according to information released by TF Agroeconomic. “The soybean contract for November 23, the main date traded in the USA, closed down -0.21%, or $ -2.75 cents/bushel at $ 1300.50”, he comments.
On the Chicago Stock Exchange, soybeans closed lower with profit taking after four consecutive increases, according to information released by TF Agroeconomic. “The soybean contract for November23, the main date traded in the USA, closed down -0.21%, or $ -2.75 cents/bushel at $ 1300.50”, he comments. “The price for May24, a reference for the Brazilian harvest, closed down -0.30% or $-4.00 cents/bushel at $1344.75. The October soybean meal contract closed up 0.59% or $2.3 ton short at $392.4 and the October soybean oil contract closed down -1.81% or $-1 .08/lb at $58.53”, he adds. After four consecutive rises, the market made profits and the oilseed closed down. “Commercialization weighed on investors’ decisions. Despite the sales volume indicated by the USDA being higher in the weekly comparison, the data was very close to the minimum expected by the market. The long holiday in China, which starts this Friday, reduces prospects for an increase in sales in the short term. With the ...
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