The closed down for future months with planting data in the United States, according to information released by TF Agroeconomia. “Soybean contract for July 23 closed up 0.25% or $3.25 cents/bushel at $1299.75. The price of November23, the main trading date in the US, closed down -0.56%, or $ -6.75 cents/bushel at $1146.75”, he comments. “The May 24 quote closed down -0.58% or $-6.75 cents/bushel at $1165.00. The soybean meal contract for July closed up 0.20% or $0.8 ton short at $393.4 and the soybean oil contract for July closed flat at $46.20,” adds the consultancy. Despite the technical correction for July 23, which closed at a high, soybeans traded in Chicago maintained the downward trend for future months on Wednesday. “USDA data released the day before, after the close of the session, show that 83% of the intended soybean area was sown in the US, compared to 65% of the historical average. The advance of planting with good weather conditions put pressure on the price. The ...
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