May Soybeans futures gained 21'2 cents to settle at 1200'6, marking a new contract closing high. This move extended weekly gains to 30 cents and represented the fifth consecutive week of price increases, the highest weekly close since May 2024. Soybean CVOL also rose, finishing the week at 22.85%, near levels seen last autumn. Market strength was supported by strong energy prices and geopolitical uncertainty, which analysts cited as significant tailwinds. However, weekly export sales for soybeans came in below market expectations at 384,000 metric tons. Traders are expected to continue monitoring energy markets and global developments closely in the coming week.
https://www.cmegroup.com/markets/agriculture.html
#Soybeans #Futures #AgTrading
https://www.cmegroup.com/markets/agriculture.html
#Soybeans #Futures #AgTrading