March Soybeans are trading at 987 1/2, up 4 cents. March Soymeal is trading at 333.70, up 3.2. March Soybean Oil is at 32.27, down 0.14. Trading is expected to be choppy.
Chatter about China buying U.S. soybeans led to some buying on Wednesday. Exporters sold 176,000 tonnes of U.S. soybeans to China. Market talk persists about South American harvest and ample supply.
Soymeal and Soymeal bull spreads acted better on Wednesday. Chatter is about weather in the Southern Hemisphere as rain is expected for soybean producing regions in Brazil.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in