02.
02.22
10:18

Earnings concerns support soybean market

Following the lead of the soybean complex, the canola futures ended yesterday's trading session in gains. A similar picture emerged in Winnipeg, where bullish soybeans benefited canola prices. The soy complex managed to rebound yesterday. The front dates recorded double-digit gains. Earnings concerns in particular are heating up the mood. The StoneX experts corrected their forecast for soybean production in Brazil to 126.5 million tons (-7.5 million tons). The USDA also confirmed a sale to China with a volume of 132,000 tons yesterday. In addition, around 198.22 million tons of the oil fruit were processed in December, which corresponds to a new record for the current financial year.

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