CBOT soybeans ends nearly unchanged as Argentina revives "soy dollar"

Chicago Board of Trade soybean futures ended a short, choppy trading session unchanged on Wednesday, after Argentina announced it would reestablish a preferential currency exchange for soybean exports until the end of the year.

NOTE: The Chicago traded grain and oilseed markets closed at 12:05 p.m. Central time on Friday, due to the U.S. Thanksgiving holiday.

• CBOT January soybeans (SF3) settled up 1/4-cent to $14.36-1/4 per bushel.

• CBOT December soymeal (SMZ2) fell 90-cents to $408.80 per short ton, and December soyoil (BOZ2) slipped 0.39 cent to finish at 74.52 cents per pound.

• Argentina, which spurred huge soy exports in September with the so-called "soy dollar" rate, has agreed a 'floor' of some $3 billion in exports with grains firms, an economy ministry source said on Friday.

• The U.S. Department of Agriculture reported weekly net U.S. soybean sales of 690,100 tonnes for 2022/23 in the week ended Nov. 17, and 10,000 tonnes for 2023/24. Analysts were expecting 500,000 to 1.7 million tonnes for 2022/23 and zero to 150,000 tonnes for 2023/24.