07.
08.23
09:14

Soy complex does not find a unified direction

The soybean complex failed to find a unified direction on Friday. In the beans, the bulls took the lead. The most traded November date recorded a price increase of $8.00 US cents/bushel to $1333.25 US cents/bushel and thus costs the equivalent of EUR 444.22 per ton. Crude contracts, on the other hand, were unable to follow suit and mostly ended the session with losses. The export data on Friday had a supportive effect on oilseed prices. The latest confirmed export deals give retailers hope that business will be more dynamic again in the coming weeks. The rebound in crude oil prices also provided support. The weather forecast for the following days has improved significantly again. The temperatures are expected to continue to drop and at the same time precipitation is reported.

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