Mixed Bean Market Shows Varied Trends at Midday

Thursday, 21 March 2024, 17:25
The latest market update at midday reveals a mixed performance in front month soybean futures, soymeal futures, and soy oil futures. Prices are fluctuating within a narrow range, indicating indecision among traders. USDA's weekly Export Sales data plays a crucial role in shaping market sentiments.
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Mixed Bean Market Shows Varied Trends at Midday

Midday Market Update

The front month soybean futures are trading mixed within 2 cents of UNCH at midday. Soymeal futures are also mixed within 30 cents of UNCH so far. Soy Oil futures are working 30 points in the red so far.

USDA's Weekly Export Sales Data

The recent report highlighted that 494k MT of soybeans were booked, impacting market movements and trader behavior.

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