Soybean futures rose
Over February 6–13, CBOT soybean futures rose by 25 c to 1,137.2 c/bu.
The market is awaiting greater clarity on China’s potential purchase of an extra 8 M mt of soybeans from the US. However, there is currently skepticism surrounding this prospect, given that Brazil has recorded a harvest of over 180 M mt, making its soybeans significantly more competitive than American soybeans in terms of price.
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