Soybean Futures Edge Higher

Soybean futures on the Chicago Board of Trade are seeing a slight uptick this morning, with front-month January contracts gaining two cents to settle at $10.5525 per bushel. March, May, and July contracts also saw increases, with July being the biggest mover at $10.8950, up by three and a quarter cents. Traders are noting these gains amid lighter holiday trading volume, and farmers and exporters are closely watching the market as soybeans play a significant role in global trade and influence various costs. Todays volume is estimated at around fifty-nine thousand four hundred seventy-four contracts, down from Mondays two hundred fifty thousand six hundred seventy-one. Open interest stands at eight hundred fifty-one thousand three hundred ninety-nine contracts, indicating some positions unwinding as the year ends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.