The weekly decline of CBOT soybeans ended, and the export sales of US soybeans grew strongly!

Gold Ten Futures, October 28, according to foreign media reports, CBOT soybeans rose in the week ending October 25, 2024, ending the decline of the past three weeks, as US exporters rushed to ship soybeans ahead of the election, and US soybean export sales grew strongly. However, the rain in South America and the huge global soybean supply have restricted the upward space for soybeans. The current low price of US soybeans has attracted overseas procurement interest, and concerns about the escalation of trade tensions after the election have prompted US exporters to rush to ship soybeans, boosting the export premium of soybeans in the Gulf to the highest in 14 months.