Global grain and oilseed markets

Soybean futures on the Chicago Mercantile Exchange closed higher on Thursday within a technical recovery, as traders awaited new signals of Chinese purchases of U.S. soybeans. On the Chicago Mercantile Exchange, January soybean futures rose 3 3/4 cents to $11.19 1/2 per bushel, rebounding after reaching a two-week low of $11.14. January soybean meal futures on the CBOT fell 10 cents to $311.20 per short ton, while January soybean oil futures rose 0.12 cents to 51.79 cents per pound. In a weekly report from the U.S. Department of Agriculture, released retroactively, net export sales of U.S. soybeans for the week ending October 30 totaled 1,248,500 tons, in line with analyst estimates. This includes 232,000 tons sold to China, marking the first purchase by China of the 2025 crop. The U.S. Department of Agriculture has made no announcements of U.S. soybean sales in accordance with its daily reporting rules since November 28. On Thursday, spot prices for corn and soybeans at Midwest ...