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CBOT soybeans rose due to declining crop conditions, short covering
Gold Ten Futures, August 28, Chicago Board of Trade (CBOT) soybean futures closed higher on Tuesday, with the base period closing about 0.6% higher, mainly due to the decline in soybean crop conditions, heat wave weather in the Midwest, and active short covering. Heatwaves in much of the Midwest and lack of rainfall could damage soybeans at a critical growth stage, with industry insiders questioning whether soybean yields can reach record levels. One analyst said the market began to worry about ...
2024-08-27 23:48:24
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