Heated demand keeps soybeans on the rise in the USA – Agrolink Analysis

The price of soybeans on the Chicago Grain Exchange recorded an increase of 10.00 cents in the January/16 contract on Monday (28.11), reaching US$ 10.56 per bushel. The March/17 contract also rose 10.00 cents per dollar, while the May/17 contract rose 10.25 cents per dollar.

 

For the seventh consecutive session, the North American soybean market recorded gains in the main futures prices. The main support factor continues to be the strong demand for the oilseed in the United States, with sales above two million tons per week.

 

Source: Agrolink

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