Soybean commentary

Soybean commentary: Futures back to negative after rain over the US

28 Aug 2024

Soybean futures on the Chicago Mercantile Exchange returned to negative territory on Wednesday August 28 after three consecutive sessions of gains, as recent rains have eased concerns regarding a heat wave in the US Midwest and pressure has come from lower crude oil and soymeal, as well as a higher US dollar Index.

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