Sunday 8th June 2025

Soybeans were higher on short covering and technical buying, taking back Monday’s losses and then some. Contracts saw an oversold bounce, with help from a higher move in bean meal, in addition to the lower dollar and higher crude oil during the session. Brazil’s harvest is ongoing with favorable conditions, including a drier pattern in parts of northern Brazil, and Argentina should see some rain next week, but will be largely hot and dry until then.

   

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Your email address will not be published.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>

*