CBOT soybeans closed higher, boosted by a stronger grain market and active short covering

Golden Ten Futures, April 23rd, according to foreign media reports, on Monday, CBOT soybean futures closed up, of which the benchmark period closed up about 0.9%, mainly boosted by the strengthening of the neighboring grain market, and the short covering was active. The wheat market rose sharply on Monday, and corn rose strongly, which gave the soybean market a boost. Last Friday, soybean prices fell to a seven-week low, and a large number of short covering and technical buying on Monday also further supported soybean prices. Recently, Chinese customs data showed that as Chinese buyers prefer Brazilian supplies, China's imports of soybeans from the United States in March fell by half compared with the same period last year, and the amount of imported US corn also fell sharply, highlighting the intense export competition.