Soy futures have been supported by stronger crush
Soy futures have been supported by stronger crush margins as demand for soybean oil in renewable diesel production remains robust. Industry players anticipate sustained upside into Q The report is expected to show U.S. soybeans stocks of 323 million bushels, according to the Reuters survey. That would be down 5.6% from the prior year and below the 330 million bushels USDA projected as 2024/25 soybean ending stocks in its Sept. 12 monthly supply and demand report. US soybean futures fell as China shifted buying to South American crops, but robust domestic processing and steady global demand helped cushion the drop. Global soy futures markets are reacting to currency fluctuations, with weaker Brazilian Real increasing export competitiveness and pressuring U.S. contract premiums.
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