Content ID

335214

CBOT soybeans close near unchanged after rally fades

CHICAGO, Oct 26 (Reuters) - Chicago Board of Trade soybean futures ended near unchanged on Wednesday after rising earlier in the session as weakness in the U.S. dollar fueled hopes for export sales, traders said. * The benchmark November soybean futures contract ended 1/4 cent lower at $13.81-3/4 a bushel. * CBOT December soymeal closed $6.90 lower at $408.70 a ton, giving back gains from Tuesday. CBOT December soyoil rose 1.14 cents to settle at 73.42 cents per lb. * Soybeans faded on a lack of fresh bullish news after advancing earlier in the session, an analyst said. * The dollar index hitting a five-week low helped support early gains in soy futures by making U.S. commodities look more attractive to importers, analysts said. * On Thursday, the U.S. Department of Agriculture is slated to report weekly grain and soybean export sales. (Reporting by Tom Polansek; editing by Jonathan Oatis)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Tip of the Day

1-inch impact dolly cart

Socket caddy By welding lengths of angle iron with evenly spaced upright rods onto an old two-wheel dolly, I made a cart that holds my impact wrench... read more

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
45% (25 votes)
Yes
38% (21 votes)
No, it’s going to be a bin-buster
7% (4 votes)
Maybe, depending on yields
5% (3 votes)
No, I am looking at new bins or temporary storage
4% (2 votes)
Total votes: 55
Thank you for voting.