CBOT soybeans rose on technical trading after Thursday slide
CHICAGO, Nov 22 (Reuters) -Chicago Board of Trade soybean futures rose on a technical bounce on Friday after hitting fresh contract lows on Thursday amid favorable South American weather and Brazil-China trade agreements being hammered out, said analysts.
Argentina's 2024/25 soybean planting progressed by 16 percentage points in the past week, reaching 35.8% of the 18.6 million hectares (46 million acres) projected for the season, according to the Buenos Aires Grain Exchange.
Exporters sold 198,000 metric tons of soybeans to unknown destinations for 2024/25 delivery, the U.S. Department of Agriculture reported on Friday.
CBOT January soybeans SF25 settled up 5-3/4 to $9.83-1/2 a bushel.
CBOT December soyoil BOZ24 closed down 0.41 cents to $41.77 cents per pound.
CBOT December soymeal SMZ24 finished down $1.50 at $289.20 per short ton.
For the week, January soybeans SF25 rose about 1.5%.
Reporting by Renee Hickman; Editing by Sandra Maler
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