Transactions Forums Commodities Trade Soybeans Extend Rally to Four-Month High on 'Fierce' Demand

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This topic contains 1 reply, has 1 voice, and was last updated by Transactiontrader Transactiontrader 9 mo, 1 wk ago.

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  • #3832 Score: 0
    Transactiontrader
    Transactiontrader
    • Years Trading : 9
    • Biggest Trade: APPL
    • Location: Midwest
    • 22 pts
      Member since: 10/24/2016 #transactiontrader

    Last week, soybeans jumped 5.3 percent, the most for the January contract since June, and soybean oil surged 7.7 percent, the biggest gain since Dec. 2015. On Nov. 23, the U.S. Environmental Protection Agency boosted 2017 biofuel quotas to a record, while data from the Department of Agriculture showed better-than-expected export sales of the oilseed.

    #4081 Score: 0
    Transactiontrader
    Transactiontrader
    • Years Trading : 9
    • Biggest Trade: APPL
    • Location: Midwest
    • 22 pts
      Member since: 10/24/2016 #transactiontrader

     This is on a rip up. 

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