News

Elizabeth Gilbert

Oct 15, 2024

Soybean Market Under Pressure – China’s Auction in Focus

Soybean Market Under Pressure – China’s Auction in Focus

Current Prices

Soybean prices on the CME fell to €0.359/kg.

Forecast

The soybean market may experience additional volatility due to China's planned auction of 239,000 tons on October 16th. Faster harvest rates in the U.S. and declining vegetable oil prices will likely continue weighing on the market.





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