Soybeans: Slight Decline Despite Strong Export Demand
Soybean futures at the CBoT fell, with the November contract down by 5.5 ct/bu to 1014.75 ct/bu, which is approximately €373.32 per tonne. U.S. harvests are progressing rapidly, but strong export demand, particularly from China, is preventing significant price drops.
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Forecast
Strong demand from China is expected to stabilize the soybean market, with a slight price recovery likely in the coming weeks.Click here to reach our trading platfrom CMBroker