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Soybeans close higher with weekly gains

Economies.com
2022-11-04 19:54PM UTC

Agricultural commodities rose on Friday as the dollar tumbled against a basket of major rivals, pushing them to weekly profits. 

 

Soybeans received support from strong demand in China, the world's largest commodity importer. 

 

US government said soybean sales in the week ending October 27 reached 830.2 thousand tones, while corn sales met expectations at 372.2 thousand tones. 

 

Uncertainty continues to haunt the market about the deal to ship grains safely through the Black Sea, and about drought in Australia. 

 

The dollar index fell 1.7% as of 18:29 GMT to 111.05, with a session-high at 112.9, and a low at 110.9.

 

Corn

 

Corn futures due in December rose 0.1% to $6.81 a bushel. 

 

Soybeans 

 

Soybean futures due in November rose 1.8% to $14.62 a bushel with a 4% weekly profit. 

 

Wheat

 

Wheat futures due in December rose 0.8% to $8.47 a bushel. 

Wall Street rises after payrolls data

Economies.com
2022-11-04 14:22PM UTC

US stock indices rallied on Friday following the solid payrolls data for October.

 

US economy added 261 thousand new jobs in October, roaring past estimates of 197 thousand, while less than 315 thousand in the previous revised reading. 

 

US personal income rose 0.4% in October, beating estimates of 0.3%, and above 0.3% in the previous reading. 

 

Dow Jones rose 1.3%, or 420 points as of 14:20 GMT to 32,423, while S&P 500 added 1.4%, or 52 points to 3,772, as NASDAQ surged 1.3%, or 140 points to 10,481. 

US unemployment rises past estimates in October

Economies.com
2022-11-04 12:32PM UTC

US unemployment rose to 3.7% in October past estimates of 3.6%, and up from 3.5% in the previous reading. 

US economy adds more jobs than expected in October

Economies.com
2022-11-04 12:35PM UTC

US economy added 261 thousand new jobs in October, roaring past estimates of 197 thousand, while less than 315 thousand in the previous revised reading. 

Frequently asked questions

What is the price of Soybeans today?

The price of Soybeans is $1042.50 (2025-08-15 23:54PM UTC)