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Latest From Bill Tiedje
Soybean futures ended higher Thursday, lifted by sharp gains in soybean meal futures. Soybean oil futures also ended slightly higher. January soybean futures were 6 1/4 cents higher at USD8.84 1/4.
Soybean futures settled higher Wednesday as short covering continued to lift the market. Soybean meal futures and soybean oil futures also ended higher. January soybean futures were seven cents higher at USD8.78.
Soybean futures settled slightly higher Tuesday as short covering emerged after eight sessions of lower trade. Soybean meal futures ended mixed. Soybean oil futures ended slightly higher. January soybean futures were 1/2 cents higher at USD8.71.
Soybean futures ended lower as slowing export shipments and mostly favorable South American growing conditions pressured the market amid ongoing US-China trade uncertainty. Soybean meal futures ended mixed. Soybean oil futures ended sharply lower across the board. January soybean futures were 6 1/4 cents lower at USD8.70 1/2.
Corn futures finished with losses as traders readied for an holiday Thursday and abbreviated trading session Friday.
Wednesday’s trade ahead of the US Thanksgiving holiday saw soybean futures decline for a sixth successive session while futures began to test lower support levels.