CBOT soybeans rose on new export business, short covering

Gold Ten Futures, November 19, according to foreign media reports, on Monday, CBOT soybean futures closed higher, of which the base period closed about 1.2% higher, because the US Department of Agriculture announced new soybean export business, short covering active. The USDA export inspection report shows that the week ended November 14, 2024, the US soybean export inspection volume was 2165075 tons, a decrease of 8% from a week ago, but an increase of 33% from the same period last year. China is the number one export destination. The weather forecast shows that most of Brazil's soybean-producing areas will see sporadic rains in the coming week, which will help newly sown soybeans germinate and grow.