TradingView
Khairil_Anuar
Apr 17, 2024 2:54 AM

CBOT soybeans set one-month low under pressure from firm dollar Long

Soybean Oil FuturesCBOT

Description

Chicago Board of Trade soybean futures ended weaker on Tuesday after touching a one-month low as strength in the dollar weighed on grain markets.

CBOT May soybeans SK24 settled down 13-1/4 cents at $11.45 per
bushel and hit their lowest price since March 6.

CBOT May soymeal SMK24 ended down $3.20 at $335.30 per short
ton, and May soyoil BOK24 dropped 0.56 cent to finish at 44.91 cents per pound.

The United States continues to face competition for global soybean export sales from cheaper Brazilian supplies.
More