Soybean Oil Paces CBOT Soy Rally: Soybean oil futures led a rally at the CBOT on Thursday. December soybean oil traded to the highest price since January as Malaysian palm oil futures pushed to fresh contract highs. Soybean futures followed soyoil and settled up 18-22 cents. Funds added to existing length. CBOT soyoil is priced…
Soybeans Rally on Strong Exports and Brazil Weather Concern: CBOT soy futures rallied to strong gains on Tuesday, with March soybeans marking a new contract high. A recovery in US financial markets relieved overhead selling pressure, while larger than expected September soybean exports offered support. The International Trade report showed US soybean exports in September…
Soybeans Gain on Fund Buying: CBOT soy markets all closed in the green on Tuesday, following US financial markets during the US election. Soybean oil paced the rally. Malaysian Palm oil futures soared to a 7-year high, trading at the highest price since May 2014. But even after the CBOT rally on Tuesday, spot soybean…
Soybeans Trade Weaker on Profit Taking: Soybean futures were lower to start the week on profit-taking ahead of the US election. December soymeal paced the early week decline, but soybean and soyoil were in the bearish tow. US soybean export inspections were below expectations at 76.5 Mil Bu. However, the previous week’s figure was revised…
Soybeans Find Late Week Support and Close Higher: Soybean and product markets closed higher on Friday, with soybean oil pacing Friday’s advance. For the week, soybeans and meal were lower, while soybean oil was higher on rising world vegetable oil markets. Palm oil was down overnight, but CBOT soybean oil was still at a historic…
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