Markets

CBOT soybeans close firmer for fourth straight session

Published Updated

Traders noted the market found support from early weakness when the benchmark CBOT November contract dipped below the high end of its 20-day Bollinger range.

Soymeal futures also rose to their highest since March 23, supported by a round of long soymeal/short soyoil spreading.

Soyoil futures fell, under pressure from technical selling after the benchmark December contract failed to break through its 200-day moving average twice this week.

 

Copyright Reuters, 2017