CBOT soybeans gain as crude oil rallies

Reuters
03/06
CBOT soybeans gain as crude oil rallies

CHICAGO, March 5 (Reuters) - Chicago Board of Trade soybean futures lifted on Thursday, supported by higher crude oil prices as the conflict in the Middle East continued to disrupt supply.

  • Crude oil rose sharply on Thursday as the ongoing closure of the Strait of Hormuz continued to disrupt Middle East supply and led some refineries in other parts of the world to cut output.

  • Grain markets often react to movements in crude oil, partly because biofuel absorbs large amounts of soybean and corn as feedstocks.

  • However, ample global crop supply and strength in the dollar remained curbs on grain prices.

  • Brazil is harvesting what is widely expected to be a record soybean crop that could stall Chinese demand for U.S. beans.

  • Bunge BG.N said it was exploring alternative shipping routes because of the Middle East conflict.

  • The USDA reported weekly 2025/26 U.S. soybean export sales were 383,500 metric tons. Analysts expected 300,000 to 1 million metric tons. EXP/SOY

  • CBOT May soybeans SK26 rose 9-3/4 cents to end at $11.79-1/4 per bushel.

  • CBOT May soyoil BOK26 rose 2.11 cents to finish at 65.7 per pound, with all soyoil contracts notching lifetime highs.

  • CBOT May soymeal SMK26 fell 60 cents to end at $309.30 per short ton.

(Reporting by Heather Schlitz; Editing by David Gregorio)

((Heather.Schlitz@thomsonreuters.com;))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10