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CBOT January soybean futures rose for a third straight day on Thursday, led by soymeal, after Argentine crusher Vicentin began a payment restructuring citing financial stress. The USDA also reported private sales of 245,000 tonnes of soybeans to unknown destinations, while wheat fell on weak export demand.
Vicentin's debt trouble could tighten world soymeal supplies, supporting meal prices for feed buyers, while new export sales add modest support to soybeans.
grainews.caGFM Network NewsDec 5, 2019Not 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.
