CBOT soybeans rose and fell, due to weak export sales
2024-04-25 23:53:35
Golden Ten Futures, April 26, according to foreign media reports, CBOT soybean futures closed up and down on Thursday, with the benchmark closing about 0.15% lower, because of the fierce export competition from South America and weak U.S. soybean export sales. However, there will be widespread rain in the Midwest, delaying the spring sowing work and supporting the forward contract. Traders said that the weakening of soybean oil futures in the neighboring pool and the lower price of Brazilian soybean exports continue to pressure the soybean market. One analyst pointed out that the US Midwest will start to experience showers on Friday and continue into the weekend, which may delay the spring soybean planting, while the rain in Brazil may slow the late soybean harvest.
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