Soy closes higher in the US, continuing the correction movement

Soybean

Published Sep 15, 2023

Tridge summary

CBOT soybean futures contracts closed higher, with the main maturities registering gains. Soybean meal futures contracts also closed higher after two consecutive sessions of decline. Soybean oil closed mixed, with December remaining stable.

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Original content

SNA TV LIBRARY SUBSCRIBE Image by jcomp on Freepik CBOT soybean futures contracts closed higher again. The main maturities registered gains of 9.50 to 10.75 cents, with November/23 quoted at US$ 13.60½ (+ 0.80%) and January/24 at US$ 13.75¾ (+ 0.70 %) the bushel. In the last five sessions, November registered an increase of 0.07% and January of 0.15%. Soybean meal futures contracts on the CBOT closed higher, after two consecutive sessions of decline. The main maturities registered gains of US$ 4.10 to US$ 4.60, with December quoted at US$ 399.40 (+ 1.17%) and January/24 at US$ 396.30 (+ 1. 05%), the short ton. In the last five sessions, December registered an increase of 1.04% and January of 0.74%. Soybean oil closed mixed, with December stable. In the last five sessions, December registered an increase of 1.55%. Without new fundamentals, the appreciation of the real supported future prices, as it reduces the competitiveness of Brazil's exports. Information about agricultural ...

Source: SNA