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CBOT soybeans finish higher with soyoil

ReutersApr 28, 2025 7:21 PM

- Chicago Board of Trade soybean futures finished higher in nearby contracts on Monday while soyoil futures also rose.

  • CBOT soybeans recovered after weakening earlier in the session under pressure from concerns about U.S. President Donald Trump's trade war with China, the world's biggest soy importer, analysts said.

  • Traders said they were waiting for a potential announcement from the U.S. government on the amount of biofuels that refiners must blend into their fuel mix.

  • At 3 p.m. CDT (2000 GMT) on Monday, the U.S. Department of Agriculture is slated to issue a weekly update on soybean plantings.

  • U.S. farmers were estimated to have planted 17% of soybeans as of Sunday, a Reuters survey showed ahead of USDA's crop progress report. A week ago, 8% of the crop was planted.

  • CBOT July soybeans SN25 closed up 3-1/4 cents at $10.62-1/2 per bushel.

  • CBOT July soyoil BON25 advanced 0.65 cent to end at 50.46 cents per pound.

  • CBOT July soymeal SMN25 ended down $2.60 at $295.90 per short ton.

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