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Soybeans traded 10 to 15 cents higher on July 5, with soymeal up $8 per ton for August and soyoil rallying. Export sales for the week ending June 27 were 228,379 MT, a four-week low, with China and the Netherlands as main buyers.
Firm soymeal and soyoil prices and steady export demand support soybean values, though the export sales total was at the lower end of expectations.
ibestmedia.comJul 5, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Soyoil rallied again on July 5, adding to weekly gains alongside higher soybeans.
Soyoil rallied on July 5, the trading day just before July 8, extending the momentum.
