Can November Soybeans Challenge Contract Highs? The recent rally in November soybean futures has sparked interest among traders. With a contract high of $12.
41 per bushel set back in January 2023, some wonder if this year will be the one it breaks through. While market outcomes are inherently uncertain, several factors suggest continued gains are possible.
Strong demand from the renewable diesel sector is driving soybean prices higher. According to the USDA's May WASDE report, U. S. soybean crush is projected to reach a record 2.