Saturday 11th May 2024

Soybeans were higher on commercial and technical buying. The near-term supply remains tight and soybean products have also showed some strength so far this week. Still, beans moved down from the highs as gains in meal moderated and bean oil turned mixed. Soybean meal did finish higher, oversold, and bean oil was mixed on bull spreading. Most forecasts have continued weather improvements in South America, allowing for increased harvest activity in Brazil and helping to boost conditions in Argentina.

   

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*