Soybeans Tick Up, China Buys Record

Soybeans are rising on Christmas Eve, with January and March futures up five and six and a half cents respectively. Cash beans fell three cents, while soymeal gained ten dollars and soy oil dropped twenty-five to thirty-nine points. Traders pulled back amid the holiday slowdown, but export sales brought cheer, with China snapping up one point three eight million metric tons of soybeans, a marketing-year high. Strong demand from China keeps prices buoyant heading into the break.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.