Soybeans Dip, Coffee Falls, Cocoa Rebounds

Soybean prices dipped slightly, with cash prices falling by five cents to $9.875. Despite this, private export sales to China and unknown destinations provided a market boost. Meanwhile, coffee prices plummeted due to anticipated ample supplies and a weakened Brazilian Real. However, cocoa prices rebounded following a revised estimate for global cocoa surplus, indicating a potentially tighter supply. Brazil is expected to export 3.57 million metric tons of soybeans in December, a significant increase from last weeks estimate.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.