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Markets Print edition: 2020-09-25

CBOT soyabean futures fall for third day

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By Reuters
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CHICAGO: Chicago Board of Trade soyabean futures fell for the third day in a row on Wednesday, with traders citing harvest progress and signs of weakness in the US cash market that outweighed strong export demand. Soyaoil futures also ended lower but soyameal surged to its highest since June 12, 2018.

Traders said strong demand for US soyameal on the export market supported the rally. The benchmark CBOT November soyabean futures contract found technical support at its 10-day moving average. CBOT December soyaoil dropped below its 20-day and 30-day moving averages.

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