Tuesday 17th June 2025

Soybeans were higher on fund and technical buying, with November hitting a new two-year high and all contracts posting solid week to week gains. China bought 132,000 tons of 2020/21 U.S. beans Friday, the 11th business day in a row with an announced sale. That continues the hot start to the marketing year, which actually started last marketing year, and brings the running total to 4,275,500 tons. Contracts are overbought and while that was canceled out by demand, there could be a correction for beans in the near future.

    

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