Soybean Prices Experience Decline in Monday Morning Session

Monday, 8 July 2024, 12:44

The post discusses the drop in soybean prices by 14 to 19 cents during Monday morning trading, following the previous gains. Most contracts observed an increase between 8 to 12 cents in previous months. The rise in preliminary open interest by 8,373 contracts signals renewed buying interest. Additionally, the August contract for Soymeal witnessed a $7.10/ton increase compared to July.
Barchart
Soybean Prices Experience Decline in Monday Morning Session

Soybean Prices:

Soybean prices experienced a decline in Monday morning trading.

Contract Performance:

Contracts saw gains of 8 to 12 cents across most months.

Open Interest:

  • Open interest rose by 8,373 contracts, indicating new buying interest.

Soymeal Contract:

  1. August contract for Soymeal showed a $7.10/ton increase compared to July.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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