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Commodities

CBOT Soybeans Reach Three-Year Highs on Strong Export Demand

Guavy AI Editorial Team
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Oil
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Soybean futures at the Chicago Board of Trade (CBOT) reached their highest levels in three years on Thursday, driven by strong export demand and a rally in crude oil.

The U.S. Department of Agriculture reported flash sales of 272,000 tonnes of soybeans to China and an additional 206,500 tonnes to unknown destinations, contributing to the gains.

Average trade guesses suggest small cuts to yields and production from the August forecast ahead of Friday's monthly USDA supply/demand estimates.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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