Soybeans Surge Before Holiday Break

Soybean futures surged ahead of Christmas, with national average cash prices jumping eleven and three-quarters cents to nine dollars and ninety-two and three-quarters cents. Soymeal and soy oil futures also rose, with markets closing early for the holiday. USDA export sale commitments for soybeans are down thirty-three percent from last year, while Argentinas soybean crop planting is slower than average but with solid condition ratings. January soybeans closed at ten dollars and sixty-three and one-quarter, up eleven and three-quarters cents, signaling a positive close before the holiday break.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.