Soybeans Witness a Downward Trend Amid Growing Export Demand

Wednesday, 10 July 2024, 21:43

The latest financial update on soybeans reveals a decline in prices despite robust export business. Contracts registered losses ranging between 13 to 20 ¼ cents, while Soymeal experienced a decrease of 90 cents to $6.10/ton. Additionally, Soy Oil sustained its downward trajectory, contributing to the overall bearish sentiment in the market.
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Soybeans Witness a Downward Trend Amid Growing Export Demand

Soybeans Market Update

The recent session witnessed a notable decline in soybeans prices, with contracts experiencing losses between 13 to 20 ¼ cents.

Soymeal Performance

Soymeal prices took a hit, decreasing by 90 cents to $6.10/ton, adding pressure on the product.

Soy Oil Trend

Soy Oil continued its downward movement during the session, signaling a challenging week for the commodity.


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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