Sunday, May 22, 2011
0
CBOT Updates: Soybean ends on mixed trend
MUMBAI (Commodity Online): US soybean futures finish little changed as market participants face uncertain demand. The USDA said private exporters struck deals to sell 110,000 tons of soybeans to China, the world's top importer of the oilseed, for delivery after Aug. 31.
The purchases followed a period of slow demand from China, which shifted its business to South America. China may now be returning its business to the US, says Alan Bugler of Bugler Marketing & Management.
Yet, US soy export sales for last week were low. CBOT July soybeans close flat at $13.79 1/2 a bushel.
Courtesy: CME Group
This post was written by: HaMienHoang (admin)
Click on PayPal buttons below to donate money to HaMienHoang:
Follow HaMienHoang on Twitter
Subscribe to:
Post Comments (Atom)
0 Responses to “CBOT Updates: Soybean ends on mixed trend”
Post a Comment