CBOT soybeans close firm on bargain buying

11 Aug, 2017

But traders said the outlook for a bumper crop kept the gains in check.

Technical support for the benchmark CBOT November soybean contract was noted at the low end of its 20-day Bollinger range.

Soymeal futures also posted a modest rebound after hitting their lowest level since June 30 on Thursday.

Soyoil futures weakened.

For the week, soybean futures fell 1.2 percent, their third straight weekly loss.

Soymeal futures posted a weekly loss of 1.6 percent and soyoil was down 0.3 percent.

 

Copyright Reuters, 2017
 

 

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