Soybean Prices Surge, EPA Exemptions Impact Demand

Soybean prices surged, with January contracts rising, despite volatile swings. Overnight, thirty-six additional deliveries were issued, totaling one thousand five hundred and six. The national average cash bean price dipped, while soymeal futures rebounded. The EPA granted exemptions to refineries, potentially impacting demand and processing. China reinstated eligibility for three US export firms, but October imports decreased. Argentinas soybean planting is slower than last year, which could affect global supply expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.