Soybean futures rise as soymeal prices surge
U.S. soybean futures turned higher in choppy trade as soymeal cash prices surged, offsetting profit taking and a crude oil setback, analysts said.
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Soybeans and soymeal rise on US crush data; wheat rebounds
U.S. soybean futures rose Tuesday as soymeal futures surged more than 2% after an industry report showed a smaller-than-expected soybean crushing pace in August, analysts said. Crude oil price gains provided additional support to soybeans and corn, while wheat rebounded.
Soybeans and soymeal rise on US crush data; wheat turns higher
U.S. soybean futures rose on Tuesday after a monthly industry report showed a smaller-than-expected soybean crushing pace in August. Soymeal futures surged 2%, and higher NYMEX crude oil prices supported soybeans and corn; wheat turned higher.