Soybean barge bids firm as sales to China continue
Bullish strength: 65/100
- USDA confirmed 612,000 metric tons of U.S. soybean sales to China, marking the fifth consecutive business day of announcements.
- October Gulf soybean barge bids rose 4 cents to 99 cents over November futures, reflecting exporter demand.
Bearish strength: 35/100
- Chicago Board of Trade soybean futures fell to their lowest level since late August.
- The soybean harvest reached 64% completion, increasing the flow of available supplies into marketing channels.
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