Soy closes lower, pressured by the rise of the dollar in the international market, the advance of harvesting in the USA, and planting in Brazil
Soybean
Published Sep 22, 2023
Tridge summary
Soybean futures on the CBOT closed lower, with November's price reaching its lowest since August 8th. The decrease was attributed to the rise of the dollar and the wide supply available in the market, as well as disappointing weekly sales figures. Corn futures also closed lower due to the rise of the dollar and the advance of the harvest in the USA.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
SNA TV LIBRARY SUBSCRIBE November's low of the day ($12.93) recorded the lowest price since August 8th - Image by jcomp on Freepik Soybean futures contracts on the CBOT closed lower, after two consecutive sessions of increases. The main maturities registered drops of 25.50 to 26.25 cents, with November quoted at US$ 12.93¾ (- 1.99%) and January/24 at US$ 13.10¾ (- 1.91%) bushel. November's low of the day ($12.93) registered the lowest price since August 8. In the last five sessions, November registered a drop of 4.91% and January of 4.72%. Soybean meal futures contracts on the CBOT closed lower, after two consecutive sessions of increases. The main maturities registered drops of US$ 6.80 to US$ 7.00, with December quoted at US$ 388.10 (- 1.77%) and January/24 at US$ 384.80 (- 1.77%) 74%), the short ton. In the last five sessions, December registered a drop of 2.83% and January of 2.90%. Soybean oil closed lower for the fourth consecutive session, with December recording a drop of ...
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