CBOT soybeans rise on export sales
CHICAGO, Oct 30 (Reuters) -Chicago Board of Trade soybean futures climbed on signs of demand in export sales and strength in the crude oil market, analysts said.
CBOT November soybeans SX24 ended up 11-1/4 cents at $9.76-1/2 a bushel.
CBOT December soymeal SMZ24 settled down $0.20 at $301.60 per short ton while December soyoil BOZ24 rose 1.01 cents to finish at 43.81 cents per pound.
The USDA confirmed private sales of 132,000 metric tons of soybeans to China and another 132,000 tons to undisclosed destinations, all for delivery in the 2024/25 marketing year that began Sept. 1.
Ahead of the USDA’s weekly export sales report on Thursday, analysts expected the government to report export sales of soy in the week ended Oct. 24 of 1,600,000-2,800,000 tons USDA/EST
Bunge BG.N exceeded Wall Street expectations for its third-quarter profit on Wednesday as large global harvests provided the grain trader and processor enough volumes of soy, corn and other crops to blunt a hit from lower margins.
Reporting by Renee Hickman; Editing by Mark Porter
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