Soybeans news

Soybean prices are in a tight range as those looking to invest in commodities await February’s WASDE report. Analysts expect the agency will adjust Brazil’s production to the upside as harvesting in the country gains momentum. On a 4-hour chart, soybean futures were trading around the $1400 price level.

Soybean prices are at their highest level since June 2014. The commodity’s price has tested and surpassed the psychological level of $1400. On Wednesday, it was trading at around $1424, which is a surge of 0.41%. The upward momentum is largely a reaction to the bullish WASDE report released on…

Soybean prices are headed to the overbought territory. With an RSI of 78.24, the prices are likely to pull back as the commodity investors take their profit. The soybean futures are up by 0.44% to trade at $1253. The price level is its highest since July 2014. The upward…

Soybean prices have risen by 0.56% to trade at $11.52. Today’s rally comes after largely being in the red in the current month. The improving weather in Brazil and better-than-expected US exports have eased concerns over tight supply. However, a weaker dollar and the ongoing La Nina have capped losses.

Soybean price reached the $11.752 per bushel mark in November this year, which is its highest price level since January 2016. The rising demand for U.S. soybeans results from China’s growing appetite for the soft commodity. Besides, Brazil has failed to meet the existing demand. soybean price China’s growing appetite…

Soybeans are versatile legumes that are used to produce tofu, soy milk, and animal feed, among other things. They are also a commodity that can be traded in a number of ways, such as in futures or ETFs.The currency price of soybeansThe price at the time of writing is $8.79…

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