Positioning

CBOT soy ends higher on positioning before U.S. issues crop data – Successful Farming

future-dyanmics

CHICAGO, May 11 (Reuters) – Chicago Board of Trade soybean futures closed higher on Wednesday amid positioning ahead of a monthly U.S. Department of Agriculture report due out on Thursday, analysts said. * CBOT July soybean futures advanced 14-1/2 cents to close at $16.06-3/4 a bushel. * CBOT July soyoil ended up 2.41 cents at 83.45 cents per lb, while CBOT July soymeal futures slid $3.60 to end at $397.90 per ton. * The U.S. Department of Agriculture’s (USDA) global monthly crop report on Thursday will include the first official supply and demand estimates for the new crop year, 2022/23. * In Brazil, the 2022/2023 soybean harvest is estimated at 146 million tonnes, up 19.5% from the previous season, when a drought damaged part of the crop, Patria Agronegocios said. * A rally in crude oil helped lift soy prices, traders said. (Reporting by Tom Polansek in Chicago; Editing by Andrea Ricci)
© Copyright Thomson Reuters 2022. Click For Restrictions – http://about.reuters.com/fulllegal.asp
© 2022 Meredith Corporation. All Rights Reserved.
All https://www.barchart.com/solutions/ is provided by Barchart Solutions.
Futures: at least 10 minute delayed. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms.
CME Group
Intercontinental Exchange

source

future-dyanmics

Related posts
Positioning

Dilweg Debuts New Brand Positioning that Highlights Company's Continued Commitment to Investors and Tenants - Yahoo Finance

<span class="legendSpanClass">The Real Estate Investment Firm Kicks off the Year…
Read more
Positioning

North American Specialty Laminations New Brand Positioning - PR Newswire

Searching for your content… In-Language News Contact Us 888-776-0942 from 8 AM – 10…
Read more
Positioning

Malibu Launches New Global Brand Positioning with 'Do Whatever Tastes Good' USA - English - USA - English - PR Newswire

Searching for your content… In-Language News Contact Us 888-776-0942 from 8 AM – 10…
Read more
Newsletter
Join THE PRO PEOPLE Family

Sign up for The Pro People Community's Daily Digest and get the best of Industry updates, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *