Tridge summary
Soybean futures on the Chicago Mercantile Exchange strengthened on Thursday as strong domestic demand offset the pressure caused by ongoing trade tensions with China, the largest importer of soybeans.
Trading remained cautious as key crop data was unavailable due to the government shutdown and ahead of the expected meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the end of the month. They are expected to discuss China's lack of purchases of U.S. soybeans.
November soybean futures on the CBOT rose by 4.5 cents to $10.34 per bushel.
December soybean meal futures on the CBOT rose by $1.00 to $276.90 per short ton, and December soybean oil futures rose by 0.07 cents to 50.87 cents per pound.
The National Oilseed Processors Association reported on Wednesday that its members processed 197.863 million bushels of soybeans in September, a record for the month.
Trading remained cautious as key crop data was unavailable due to the government shutdown and ahead of the expected meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the end of the month. They are expected to discuss China's lack of purchases of U.S. soybeans.
November soybean futures on the CBOT rose by 4.5 cents to $10.34 per bushel.
December soybean meal futures on the CBOT rose by $1.00 to $276.90 per short ton, and December soybean oil futures rose by 0.07 cents to 50.87 cents per pound.
The National Oilseed Processors Association reported on Wednesday that its members processed 197.863 million bushels of soybeans in September, a record for the month.
Original content
Soybean futures on the Chicago Mercantile Exchange strengthened on Thursday as strong domestic demand offset the pressure caused by ongoing trade tensions with China, the largest importer of soybeans. Trading remained cautious as key crop data was unavailable due to the government shutdown and ahead of the expected meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the end of the month. They are expected to discuss China's lack of purchases of U.S. soybeans. November soybean futures on the CBOT rose by 4.5 cents to $10.10 3/4 per bushel. December soybean meal futures on the CBOT rose by $1.00 to $276.90 per short ton, and December soybean oil futures rose by 0.07 cents to 50.87 cents per pound. The National Oilseed Processors Association reported on Wednesday that its members processed a record 197.863 million bushels of soybeans in September, the fourth-largest monthly total in history. This figure exceeded all analyst forecasts surveyed by Reuters. ...
Source: Oilworld
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