Soybean Recovers from Mid-July Low on USDA Report
Soybean prices soared today following the release of a report prepared by National Agricultural Statistics Service. The commodity fell to the lowest level since July 11 yesterday.
United States Department of Agriculture (USDA) reported a major
Analysts expect a shift in the supply and demand equilibrium in favor of shortage. The consumption for the period of
Soybean November futures rose from $15.7350 to $16.0816 per bushel as of 18:34 on CBoT today. An intraday low was set at $15.7038 per bushel..
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