The benchmark CBOT November soyabean futures contract found support from overnight weakness at its 10-day moving average. But the contract struggled to break above its Monday high of $8.99-1/4 a bushel, peaking just 1/4 cent below that level during Tuesday's session. The market gave up most of its gains after failing to take out that key technical point but managed to close in positive territory. Soyameal futures also closed slightly higher while soyaoil dipped.
The benchmark CBOT November soyabean futures contract found support from overnight weakness at its 10-day moving average. But the contract struggled to break above its Monday high of $8.99-1/4 a bushel, peaking just 1/4 cent below that level during Tuesday's session. The market gave up most of its gains after failing to take out that key technical point but managed to close in positive territory. Soyameal futures also closed slightly higher while soyaoil dipped.