pyramidgameshow| U.S. soybeans: USDA supply and demand report was short, futures prices rose slightly by 10.50 cents

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[The U.S. Department of Agriculture's May supply and demand report has limited impact on the soybean market CBOT soybean futures prices rose slightly] May 11pyramidgameshow, the May supply and demand report released by the U.S. Department of Agriculture basically meets market expectations, and the overall trend is neutral and short. However, since the market has reflected report expectations in advance, its actual impact is relatively limited. Despite this, soybean futures prices on the Chicago Board of Trade (CBOT) rose slightly after the report was released, mainly driven by gains in neighboring soybean oil futures. It is reported that market news pointed out that the United States may increase import tariffs on waste edible oil, which has attracted market attention. As of the close of the day, the price of the main CBOT soybean contract climbed 10pyramidgameshow.50 cents to 1219 cents per bushel. In addition, this report releases the U.S. Department of Agriculture's forecast data on global soybean supply and demand in 2024/25 for the first time, laying the foundation for the future global soybean supply pattern.【Mysteel】

pyramidgameshow| U.S. soybeans: USDA supply and demand report was short, futures prices rose slightly by 10.50 cents

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