CHICAGO: Chicago Board of Trade soyabean futures fell on Tuesday, pressured by a strengthening US dollar and a progressing soyabean harvest in Brazil, traders said.
CBOT March soyabeans settled 10-1/2 cents lower at $13.54-3/4 per bushel.
CBOT March soyameal fell $2.50 to $428.00 per short ton while March soyaoil dipped 0.65 cents to 44.32 cents a pound.
Argentine grains exports have been disrupted by roadblocks set up by truckers around ports in Buenos Aires province, where around 80% of the world’s top supplier of soyameal’s farm exports are shipped.
The USDA on Monday said US soya processors crushed 194 million bushels of soyabeans in December, roughly in line with the average estimate in a Reuters analyst survey of 193.9 million bushels. —Reuters
Comments
Comments are closed for this article.