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Chicago soybean futures eased after a prior-session high, following a rally in vegetable oils that followed Trump's re-election. Soyoil reached a four-month high on solid export demand and expectations of possible tariffs on US used cooking oil imports, while corn and wheat were little changed.
Soyoil strength spilled over into soybeans, which were on track for a weekly gain. Speculative buying and steady export demand support soybean prices despite concerns about trade tensions with China.
brecorder.comReutersNov 8, 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.
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.
