Monday 20th May 2024

Soybeans were higher on commercial and technical buying, helping contracts post a strong week to week move and November hit a four-year high for a spot price. Contracts were down early but rallied on demand and a higher move in meal and oil because of a lower crush rate in Argentina. Farmers in Argentina have been slow to sell because of concerns about continued economic inflation. Argentina is the world’s largest exporter of soybean products.

    

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