CBOT soybeans fall, notching fifth consecutive week lower

CHICAGO, March 17 (Reuters) - Chicago Board of Trade soybean futures fell on Friday to record a fifth straight weekly decline, and the benchmark May contract hit a 12-week low during the session on liquidation of bull-spreads and continued weakness in the Brazilian basis levels, analysts said.

* CBOT May soybeans settled 15 cents lower at $14.76-1/2 per bushel after hitting $14.70, the contract's lowest price since Dec. 20.

* For the week, the May contract fell 30-1/2 cents a bushel, or 2%, its fifth straight weekly decline.
* New-crop November soybeans ended down 11 cents at $13.13-1/2 a bushel.
* CBOT May soymeal ended down $8.00 at $466.00 per short ton and May soyoil fell 0.27 cents to finish at 57.46 cents per pound.
* Spot basis offers for soymeal held steady in the U.S. Midwest on Friday in subdued cash trade.

* Domestic demand for the feed ingredient has been light this week as end-users held off on booking purchases in hopes of cheaper prices. (Reporting by Cassandra Garrison; Editing by Paul Simao)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

CBOT soybeans fall, notching fifth consecutive week lower

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

Solid price gains for gold, silver after busy news weekend

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout