Content ID

334895

CBOT soybeans fall on U.S. export worries

CHICAGO, Oct 18 (Reuters) - Chicago Board of Trade soybean futures dropped on Tuesday, pressured by concerns about overseas demand for U.S. supplies falling even as Midwest farmers harvest their crop, traders said. * Brazil's grain exporters association Anec raised its outlook for the country's October soybean exports to 3.767 million tonnes from 3.463 million. * But soyoil futures rallied to their highest in 3-1/2 months, supported by a National Oilseed Processors Association report on Monday that showed U.S. stocks falling to their lowest since Sept. 2020. * The benchmark CBOT November soybean futures contract settled down 13-1/4 cents to $13.72 a bushel, falling below its 10-day moving average. * CBOT December soymeal futures dropped $9.20 to $401.80 a ton. * CBOT December soyoil gained 1.90 cents to 68.74 cents per lb. Soyoil futures have risen for four of the last five sessions. (Reporting by Mark Weinraub Editing by Marguerita Choy)

© 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
46% (26 votes)
Yes
39% (22 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: 57
Thank you for voting.