Soy Market Performance Update: Decrease in Futures Prices Observed on Tuesday

Tuesday, 5 March 2024, 23:38

The soy market experienced a decrease in futures prices on Tuesday, with beans dropping 1 ½ to 6 ¼ cents lower. Despite this, the Nov contract managed to stay a net 4 ½ cents higher for the week. The new crop soy/corn ratio also remained relatively stable at 2.492 by the end of the session.

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Soy Market Update

The soy market observed a decline in futures prices on Tuesday, with beans dropping 1 ½ to 6 ¼ cents lower. The Nov contract stayed a net 4 ½ cents higher for the week. The new crop soy/corn ratio remained stable at 2.492 at the settle.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.