US soy closes with a sharp drop on the return of the holiday with the market focused on crop conditions in Brazil

Published 2023년 11월 24일

Tridge summary

Soybean futures contracts on the CBOT closed lower, with drops of 25.50 to 25.75 cents for the main maturities. Soybean meal futures and soybean oil also closed lower. The USDA reported sales of soybeans and soybean meal from the 2023/24 harvest, with the main buyers being China, Spain, Mexico, and Indonesia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

LIBRARY TV SNA SUBSCRIBE In the last five sessions, January/24 accumulated a drop of 2.21% and March of 1.96% – Image by Julio César García by Pixabay Soybean futures contracts on the CBOT closed lower again. The main maturities registered drops of 25.50 to 25.75 cents, with January/24 quoted at US$ 13.30¾ (- 1.90%) and March/24 quoted at US$ 13.48¾ (- 1.90%) 86%) the bushel. In the last five sessions, January/24 accumulated a drop of 2.21% and March of 1.96%. Soybean meal futures contracts on the CBOT closed lower for the third consecutive session. The main maturities registered falls of US$ 0.70 to US$ 3.50, with December quoted at US$ 457.40 (- 0.15%) and January/24 quoted at US$ 434.10 (- 0 .80%) to short ton. In the last five sessions, December accumulated a drop of 1.86% and January/24 of 3.32%. Soybean oil closed lower again, with January/24 recording a drop of 4.59%. In the last five sessions, January/24 has accumulated an increase of 0.37%. USDA – Sales Exporters reported ...
Source: SNA

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