News

Elizabeth Gilbert

Oct 16, 2024

Soybeans: Slight Decline Despite Strong Export Demand

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.

Forecast

Strong demand from China is expected to stabilize the soybean market, with a slight price recovery likely in the coming weeks.





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