Reported about 19 hours ago
Soybean futures saw a slight increase in Chicago during light trading following the holiday season, with traders closely monitoring weather conditions in South America. While Brazil expects a strong harvest due to favorable weather, Argentina struggles with dryness affecting its crops. There is also uncertainty regarding US biofuel policies and potential trade tensions with China. Recent US export data indicates strong demand, with inspection figures surpassing previous year levels.
Source: YAHOO