USA: Soybean closes higher as market awaits USDA report

LIBRARY TV SNA SUBSCRIBE Soybean futures on the CBOT closed higher for the third consecutive session. The main maturities recorded gains of 9.75 cents, with November/23 quoted at US$ 13.18¼ (+ 0.75%) and January/24 at US$ 13.28¼ (+ 0.74%) the bushel . Soybean meal futures on the CBOT closed higher. The main maturities registered gains of US$ 2.30 to US$ 2.90, with September quoted at US$ 415.00 (+ 0.56%) and December at US$ 393.70 (+ 0.74% ), the short ton. Soybean oil closed higher for the third straight session, with December posting a 0.08% gain. USDA – Weekly Soybean Sales Report US exporters sold 406,600 tonnes of 2022/23 soybeans, net of cancellations, in the week ended Aug. 3. The volume represents a considerable increase over the previous week and the previous four-week average. For the week, the main buyers were Unknown destinations (119,500 tonnes), Germany (109,600 tonnes), Netherlands (70,300 tonnes), Indonesia (67,800 tonnes) and China (14,800 tonnes), which offset ...