soybean futures brokers

soybean futures brokers

November 2nd, 2018

U.S. soybean futures scaled to two-week peaks on Friday on signs of easing trade tensions between Washington and Beijing, but slipped from the highs after a White House official said he was less optimistic that a trade deal could be reached.

Corn futures also climbed, lifted by expectations for a cut to the U.S. Agriculture Department’s U.S. crop forecast in a monthly report next week, while wheat edged up in tandem with firming corn.

Soybeans posted their steepest gain in four months on Thursday after U.S. President Donald Trump and China’s Xi Jinping spoke on the phone about trade and agreed to meet this month at the G-20 meeting in Argentina. The rally put the soy market on track for the strongest weekly advance in 16 months.

“Both presidents are putting out some optimistic vibes in terms of the potential for a trade deal,” said Terry Linn, analyst with Linn & Associates. “Both sides are talking and the meeting is set up in just under three weeks. Maybe something will happen.”

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soybean futures quotes

soybean futures quotes

November 21st, 2014

Soybean futures advanced on indications of sustained demand for U.S. supplies of the oilseed, while wheat and corn futures declined.

U.S. shippers sold 140,000 metric tons of soybeans to unknown buyers, the U.S. Department of Agriculture reported yesterday. Soybean meal net export sales were 265,749 tons in the seven days through Nov. 13 from 39,637 tons a week earlier, according to the USDA’s weekly report.

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