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Latest From Bill Tiedje
Soybean futures ended lower Monday, pressured by weakness in wheat and corn futures. Soybean meal and soybean oil futures also settled modestly lower. May soybeans were 3 1/2 cents lower at USD8.77.
Soybean futures posted slight gains Thursday, finding technical support after two days of sharp losses. Soybean meal futures ended lower, while soybean oil futures saw modest gains. May soybeans were 1 1/2 cents higher at USD8.80 1/2.
Soybean futures fell sharply for the second consecutive day Wednesday as trade uncertainty and rising South American production estimates pressured the market. Soybean meal and soybean oil futures also ended lower. May soybeans were nine cents lower at USD8.79.
Soybean futures ended lower Tuesday, erasing Monday’s gains as a focus shifted to bearish global soybean fundamentals. Soybean meal and soybean oil futures also ended lower. May soybeans were 10 3/4 cents lower at USD8.88.
Soybean futures were modestly higher Monday as optimism for progress in US-China trade talks lifted the market. Soybean meal futures ended higher, while soybean oil futures ended slightly lower. May soybeans were 3 1/2 cents higher at USD8.98 3/4.
Soybean futures were little changed Friday, with a lack of new fundamental news in the market. Soybean meal futures ended higher, while soybean oil futures ended slightly lower. May soybeans were unchanged at USD8.95 1/4.