CHICAGO (Commodity Online): US soybean futures ended modestly higher, trading in tandem with movement in the US dollar.
Prices traded in both negative and positive territory, with USD fluctuations in focus as uncertainty about South American output offset fundamental pressure from sluggish export demand, analysts say.
Without a fundamental event to direct prices, traders eyed outside markets, playing more of a waiting game in the absence of directives to break futures out of their recent trading range, analysts add.
CBOT March soybeans ended up 1 3/4c to $12.17/bushel.
Courtesy: CME Group
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