20.
02.24
09:30

Soya starts stronger after trading break

Soy trading paused yesterday. The CBoT was closed due to a public holiday. In pre-market trading today, bean prices are showing surcharges. May soybeans are trading at a premium of 9.25 US cents/bu early this morning. The other dates can also increase by 0.46 to 0.81 percent compared to the Friday closing price. After the significant declines of the previous days, a rebound was already evident on Friday. Market participants are often of the opinion that soybeans were recently oversold and the low price level at a multi-year low has increasingly attracted bargain hunters. Soybean meal and soybean oil are also benefiting from the friendly guidelines for beans this morning. Both are trending higher in premarket trading. Last week's export shipments are eagerly awaited today. Most recently, soybean shipments were lower than in the comparable weeks of the previous year. Overall, US exporters were able to sell fewer beans internationally than at this time last year.

Source
VR AGRICULTURE
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