Soybean Futures Climb Ahead of New Year

Soybean futures surge on the Chicago Board of Trade, with January, March, and May contracts posting solid gains. Prices are quoted in cents per bushel for five thousand bushel contracts. Traders and farmers are closely monitoring these moves due to the wide-ranging impact of soybeans on various industries. Higher prices could benefit growers but increase costs for food processors. Volumes are lower than yesterday, but open interest remains high. The upward trend suggests steady demand heading into the new year, with the market keeping an eye on weather and trade updates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.