Soybeans futures price driven by strong export sales
Driven by strong export sales, soybeans futures price rose to $13.09 in intraday trade. Price action is supported by robust demand from Southeast Asia, with traders citing tightening old-crop stocks and higher crush margins as key drivers. The U.S. Department of Agriculture did not respond to a request for comment about Rollins' statement. Act as market-moving global news & events unfold, in a market that trades during extended hours. At $13.08, soybeans futures price remains influenced by U.S. Gulf export pace, which is outperforming last year’s shipments. Traders anticipate basis strength could hold futures firm into next week’s market open.
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