Soybean Prices Rise, Sales Reported; USDA Data Ahead

Soybean prices edged up, while soymeal and soy oil futures saw mixed results. The USDA reported significant private export sales, with China and unknown destinations purchasing soybeans, and Poland buying soybean meal. The September soybean crush set a nearly ten percent increase record, with October breaking all-time records. Soybean oil stocks also saw a twelve percent rise. Traders anticipate soybean sales to fall within a range of zero point six to one point four million metric tons for the week ending November thirteenth. Managed money added to their net long position, indicating continued investor interest in the soybean market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.