TREE NEWS reports: CBOT soybean futures rose 3.27% over the week to close at $12.3275 a bushel on Friday, Nov. 13, New York time, while soybean meal gained 2.56% and soyoil added 2.58%. CBOT corn edged up 0.44% to $4.5725 a bushel and wheat climbed 0.71% to $6.07. The Bloomberg Grains Subindex gained 0.84% to 29.7322 points, up 1.31% on the week, after USDA’s monthly grain stocks report on Nov. 10.
CBOT Soybean Futures Rise 3.27% This Week to $12.3275 a Bushel
The breadth of the move matters more than the soybean headline: meal and soyoil both rose by similar margins, pointing to a complex-wide repricing rather than a single-product story, and the USDA stocks report landing just before the rally gives the market a fundamental anchor. Corn and wheat lagging well behind suggests the strength is concentrated in oilseeds rather than grains broadly, which the modest Bloomberg Grains Subindex gain reflects. Whether the soy complex holds its premium over feed grains is the open question.
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