CHICAGO, July 13 (Reuters): Chicago Board of Trade soybean futures ended the week down on Friday despite turning positive following a US Department of Agriculture report that cut the US soybean production forecast.
Multiple soybean contracts hit lifetime lows and fell precipitously earlier in the week as weak demand and a hefty global supply of soy weighed.
Soybean end stocks for 2024/25 were forecast at 435 million bushels, lower than the expected 449 million bushels and a decrease from June's 455 million bushels.
CBOT soybeans futures end down
FE Team | Published: July 13, 2024 22:35:52
CBOT soybeans futures end down
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