Chicago Board of Trade soyabean futures rose on Friday, with traders shrugging off concerns about escalations in trade disputes between China and the United States in favour of fresh export deals. The US Agriculture Department on Friday morning said that private exporters reported sales of 458,000 tonnes of soyabeans to unknown destinations and 130,632 tonnes of soyabeans to Mexico.
Soyabean oil futures weakened, weighed down by a drop in the crude oil market. Soyameal futures rose on technical strength after the May contract found support at its 40-day moving average. The contract also rose above its 30-day moving average.
For the week, the most-active soyabean futures contract was down 1.0 percent. Soyameal futures were up 0.7 percent this week while soyaoil fell 0.9 percent.