Chicago Board of Trade soyabean futures closed flat on Friday as traders awaited fresh direction including any signs of progress in US trade talks with China, the world's biggest soya buyer. CBOT May soyabeans settled unchanged at $8.95-14 per bushel and stayed inside Thursday's trading range.
For the week, the contract fell 3-3/4 cents or 0.4 percent, retreating from a 1.7 percent advance the previous week. Market underpinned by late strength in corn and wheat tied to short-covering and worries about poor weather slowing planting in the US Midwest. However, any delays in planting corn could encourage US farmers to switch some fields to soyabeans, which can be seeded later.
CBOT May soyameal ended up 70 cents at $307.90 per short ton while May soyaoil fell 0.03 cent at 28.95 cents per pound.
China's soyabean imports in March jumped 10 percent from the previous month, as shipments from both the United States and Brazil reached the world's top oilseed buyer, customs data showed.
Ahead of the National Oilseed Processors Association's monthly crush report on Monday, analysts surveyed by Reuters on average expected the trade group to report its members' March soya crush at 168.0 million bushels.
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