Login ID:
Password:
Partner Login
Contact Us : 7066511911

CBOT soybean continues its rally on fresh Chinese buying

1 Dec 2022 5:48 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, December 1 (Commoditiescontrol) Soybean futures at Chicago Board of Trade (CBOT) continued their a week-long rally on Wednesday amid hopes of fresh demand from China as the top is expected to ease COVID-19 induced restrictions. CBOT soybean futures surged on fresh sales to China and optimism that the top global soybean importer will ease COVID-19 restrictions, a market analyst said.


CBOT January soybeans settled up 10 cents to $14.69-1/2 per bushel.

CBOT January soymeal gained $10.20 at $417.80 per short ton, and January soyoil slipped 1.1 cents to settle at 71.88 cents per pound.

On a continuous basis, the most-active soybean futures contract hit its highest since Sept. 21.

Most-active soybeans gained 3.5% for November.



Exporters sold 136,000 tonnes of soybeans for delivery to China during 2022/23, the U.S. Department of Agriculture said.



The U.S. Environmental Protection Agency is expected to propose by the end of this week the amount of renewable fuels that oil refiners must blend into their fuel mix for 2023 and beyond, two sources familiar with the matter said.


Argentine farmers nearly doubled soybean sales on Tuesday from the day before, the major Buenos Aires grains exchange said, after a preferential exchange rate went into effect for exports of the cash crop.



U.S. soybean crushings likely jumped to a 10-month high in October to 5.877 million short tons, or 195.9 million bushels, according to a survey conducted before a monthly U.S. Department of Agriculture report scheduled today.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Area under rabi crop rises 6.39% to 450.61 lakh ha as...
Russia ready to give free fertilisers to developing wor...
IMD announces extended stay of monsoon showers
China ask farmers to consider replant or switch crops a...
Central team deputed to assess crop loss in 5 states d...
more
Top 5 News
Branded processed pulses at Mumbai APMC market- 4th Feb...
Burma Urad-Tur prices in $ terms at Chennai
Tur-Urad & Masoor remain weak at Delhi
Major producing states witness arrival of 1,32,200 bale...
Oil Spot Prices : 4-Feb-2023
Top 5 Special Reports
Soybean (Indore) Inflection Point: Retesting Range Su...
Chana Delhi (Rajasthan Line) Counter-trend Decline / ...
US Cotton net export sales for Jan 20-26 down 20% W/W a...
US Soybean net export sales for Jan 20-26 down 36% W/W ...
Sunflower Refined Oil (AP) A Bearish Sign: Major Supp...
Copyright © CC Commodity Info Services LLP. All rights reserved.