Tridge summary
Soybean futures on the CBOT closed higher for the third consecutive session, with November/23 and January/24 quoted at US$13.18¼ and US$13.28¼ per bushel, respectively. Soybean meal futures also closed higher, with September and December quoted at US$415.00 and US$393.70 per short ton, respectively. USDA's weekly soybean sales report showed increased sales of 2022/23 soybeans, with the main buyers being unknown destinations, Germany, Netherlands, Indonesia, and China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
LIBRARY TV SNA SUBSCRIBE Soybean futures on the CBOT closed higher for the third consecutive session. The main maturities recorded gains of 9.75 cents, with November/23 quoted at US$ 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 ...
Source: SNA
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.