Markets

CBOT soybeans climb on soymeal surge, Argentina weather

Published December 4, 2017 Updated December 4, 2017 08:35pm

CBOT January soybean futures settled up 4-1/4 cents at $9.98-1/2 per bushel, a gain of 0.4 percent.

CBOT January soymeal ended up $7.30 at $337.50 per ton, rising 2 percent amid the crop worries in No. 1 soymeal and soyoil exporter Argentina.

CBOT January soyoil fell 0.25 cent at 33.44 cents per pound, easing in soymeal-soyoil spreading.

The CME Group reported 294 deliveries against CBOT December soymeal futures and 155 soyoil deliveries.

 

 

Copyright Reuters, 2017