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Latin America
Soybean Futures Closed Higher
Soybean futures closed 7 to 13 higher through the September contract and 5 to 6 higher in new-crop contracts. Futures finished near session highs. Bull spreading was seen throughout today's session as tight old-crop supplies and news of recent cancellations of Brazilian soybeans by China gave the market a boost. Traders also covered short positions amid ideas the downside was overdone.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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