Chicago Close: Soybeans Lower as China Export Sale Confirmed
Chicago Close: Soybeans Lower as China Export Sale Confirmed
Soybean futures gave back a portion of the previous day’s strong gains on Tuesday. Corn was also lower, while wheat ended mixed.
Soybeans backtracked in technical selling after the USDA confirmed this morning a private export sale of 336,000 tonnes to China. Published reports today also said China bought 10 cargoes of US soybeans this week for March to May shipments. Still, US soybean export business continues to lag well behind last year. Export Sales data shows total soybean commitments at 27.
コメントを送信