Soybeans: Chicago in negative tone, waiting for full harvest in the US

Published Sep 17, 2024

Tridge summary

The Chicago Board of Trade (CBOT) electronic session for the soybean complex is experiencing lower prices for grain, oil, and higher prices for bran, extending losses from Friday. The market is being pressured by expectations of a full harvest in the United States, despite the devaluation of the dollar. Contracts maturing in November 2024 and January 2025 were priced at US$ 10.04 and US$10.23 per bushel, respectively. Bran was priced at US$324.30 per ton, and oil was quoted at 38.69 cents per pound, showing a decrease.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Chicago Board of Trade (CBOT) electronic session for the soybean complex is coming to a halt with lower prices for grain and oil and higher prices for bran. The market is extending its losses from Friday, pressured by expectations of a full harvest in the United States. Not even the sharp devaluation of the dollar against other currencies is enough to guarantee a recovery. At the end of the day this Monday (16), the report on the conditions of the country's crops will be released. Before that, the inspections of North American exports will be released. Check out the latest information on agriculture, livestock, the economy and the weather forecast in the palm of your hand: follow Canal Rural on WhatsApp! Contracts maturing in November 2024 were priced at US$ 10.04, 1/2 per bushel, a drop of 1.75 cents per bushel or 0.17%. The January 2025 position ...

Source: CanalRural