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Soy closes higher in the global market following the correction movement

Updated Jun 3, 2023
Soybean futures contracts on the CBOT closed higher again. The main maturities recorded gains of 14.75 to 23 cents, with July/23 quoted at US$ 13.52½ (+ 1.73%) and November/23 at US$ 11.83¾ (+ 1.26%) the bushel. Soybean meal futures on the CBOT closed lower. The main maturities fell from US$ 1.40 to US$ 3.60, with July quoted at US$ 397.80 (-0.90%) and December at US$ 367.70 (-0.38% ) the short ton.
Soybean futures contracts on the CBOT closed higher again. The main maturities registered gains of 14.75 to 23 cents, with the July/23 quoted at US$ 13.52½ (+ 1.73%) and the November/23 at US$ 11.83¾ (+ 1.26%) the bushel. Soybean meal futures on the CBOT closed lower. The main maturities fell from US$ 1.40 to US$ 3.60, with July quoted at US$ 397.80 (-0.90%) and December at US$ 367.70 (-0.38% ) the short ton. Soybean oil closed higher again, with July registering gains of 3.43%. Soybeans closed higher again, continuing the correction movement, recovering part of the recent losses. Once again, soybean oil, boosted by oil, supported soybeans on the Chicago Stock Exchange. “Oil at an increase of more than 2.50% supported soybean oil”, indicated the team at Agrinvest Commodities. Both WTI and Brent rose more than 2% today, registering highs at US$ 72.17 and US$ 76.42 per barrel, respectively, with the market very anxious for the new OPEC meeting that will take place this weekend . As ...
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