Soybean commentary

Soybean commentary: Futures mostly lower after Trump wins; soyoil offsets pressure

6 Nov 2024

Soybean futures were mostly lower in a volatile session on the Chicago Mercantile Exchange on Wednesday November 6 after Republican candidate Donald Trump won the US presidential election. Prices dropped sharply earlier in the session amid prospects of US trade tariffs and potential renewed tensions with China, but the uptick in soyoil offset the downward pressure.

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