Soya impacted by profit-taking - positive trends before the market

The soy market was all about profit-taking on Friday. After the USDA's WASDE report, soybean prices rose sharply. Yesterday, beans and soybean meal closed with losses after Thursday's price rally. However, the news, which was positive in itself, slowed the price losses. On Friday, the USDA reported the sale of 137,000 tons of soybeans and 100,000 tons of soybean meal to a buyer of unknown origin. The weekly export sales, which were only published on Friday due to a public holiday, also show positive developments and, at 1.1 million tonnes, were better than previously expected and also represent the highest weekly sales value in the last six months. Today, market participants await the US Soybean Processors Association's monthly report on monthly processing figures in September. Analysts assume a processing volume of up to 4.4 million tons. If this is true, it would be the highest processing value ever for a September month. Today there are green signs in premarket trading for soybeans, soybean meal and soybean oil.

Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich