Soybeans See Fractional Gains Amid Export Data and Market Adjustments
Soybeans experienced minor gains in the front months, with new crop contracts rising 3 cents. Export inspections showed a 1.3% weekly increase and a 33.7% year-over-year rise, with China as the top destination. However, managed money reduced their net long position in soybean futures.
Topics: Brazilian Soybean Crop CFTC Data Commodity Prices Export Inspections Soybeans