CBOT soybeans rise on a technical bounce
CHICAGO, June 27 (Reuters) - Chicago Board of Trade soybean futures ticked higher on Friday on technical trading ahead of the weekend after ample supply and good weather kept soybean futures under pressure for most of the week, traders said.
CBOT November soybeans SX25 ended 8-1/4 cents higher to $10.24-3/4 a bushel.
CBOT August soyoil BOQ25 ended 0.08 cent lower to 52.48 cents per pound and August soymeal SMQ25 settled 40 cents higher at $275.60 per short ton.
Warm, rainy weather in the U.S. Midwest is expected to aid crop development for nascent soy crops in the coming days, creating a greenhouse-like effect.
Grain market participants were also adjusting positions as they turned their attention to U.S. Department of Agriculture acreage, stock and crop progress reports on Monday.
Further weakness in the dollar, as investors see chances of bigger U.S. interest rate cuts this year, also helped underpin commodity markets. FRX/
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
Investing in Robotics & Automation
Robotics and automation are a structural megatrend driven by labor shortages, supply chain shifts, and the push for efficiency.The investment landscape spans industrial leaders, healthcare innovators, logistics adopters, and semiconductor enablers.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilize
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
