Soybean Prices Surge, China Makes Fresh Purchases
Update: 2025-11-18
Description
Soybean prices surged on Monday, with nearby contracts rising by thirty-two and three-quarter cents, and cash prices following suit, reaching ten dollars and eighty-four and a half cents. The USDAs delayed sales reports, released earlier in the week, showed China canceling a portion of their previous purchase but making fresh ones totaling around eight hundred forty thousand metric tons. Export Inspections reported a four point six percent increase in shipments, with Italy, Mexico, and Egypt as top buyers. Domestically, NOPA data revealed a record-breaking two hundred twenty-seven point six five million bushels of soybeans crushed in October, a fifteen percent increase from September. Internationally, Brazils soybean planting pace is slower than last year, potentially impacting future global supply.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
