In-Depth Analysis of the Latest Soybean Market Performance

Monday, 11 March 2024, 18:49

The midday market report indicates a mix of trends in the soybean market, with old crop prices slightly down while new crop prices remain steady. Soymeal futures have seen a decrease of over 1% with notable losses in tonnage. Soy Oil futures, on the other hand, show a positive trend with a 38 point increase.

Midday Update on Soybean Market

The midday market report presents a snapshot of the current trends in the soybean market, emphasizing the mixed performance of old crop and new crop prices.

Key Highlights:

  • Old crop prices down by a fraction to 4 ½ cents
  • New crop prices steady, with an increase of up to 1 ½ cents
  • Soymeal futures experience a significant 1% decrease, resulting in $4/ton losses
  • Soy Oil futures show a positive trend, gaining 38 points

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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