Soyabean futures at the Chicago Board of Trade were firm at Tuesday's midsession on spillover technical buying from Monday's rally, traders said.
But volume was on the lighter side with prices stabilising after an initial buying flurry and Monday's rally.
January soya was up 1-3/4 cent per bushel at $5.85-3/4 by 11:05 am CST (1705 GMT). The deferreds were 1/2 to 2-1/4 cent higher. The market has priced in a large US end stocks estimate, a reflection of huge US soyabean harvest and a lagging export pace to date.
Monday's rally sparked some farmer sales. But farmers turned quiet after January soya fell from its 30-cent rally to close 15-1/4 cent higher on Monday.
Midwest spot basis bids for soyabeans were weaker on Tuesday morning after Monday's rally, dealers said.
The soya-products were mixed, with the firmness in soyabeans supportive. December soyameal was up 90 cents per ton at $189.40 and January was up 30 at $188.30.
Firm US cash soyameal markets were also underpinning nearby futures contracts.
December soyaoil was 0.03 cent per lb higher at 20.90 cents and January soyaoil was up 0.07 at 21.09 cents.
Trade in the December soya-product contracts was light ahead of expiration on Wednesday.
There were no deliveries on the December soyameal contract on Tuesday morning. Registrations with the CBOT were unchanged at 238 lots.
But there were 168 deliveries against the December soyaoil contract. A customer of the LBS Division of Man issued 70 lots and stopped 97. Registrations with the CBOT were unchanged at 4,621 lots.
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