Markets Markets Newswire CBOT soybeans snap five-session losing streak on short-covering By Reuters Reuters Founded in 1851, Reuters is a news agency owned by Thomson Reuters. With 200 locations worldwide and 2,500 journalists, Reuters is one of the largest news agencies in the world. Reuters has remained true to the Trust Principles of independence, integrity, and freedom from bias, working relentlessly to bring news from the source and from every corner of the world. Successful Farming's Editorial Guidelines Published on January 25, 2023 Trending Videos Close this video player CHICAGO, Jan 25 (Reuters) - U.S. soybean futures rose onWednesday on a round of short-covering after prices hit theirlowest since Jan. 10. * The most-active Chicago Board of Trade soybean contract , which had fallen during the previous five sessions,closed near its daily high. * Private exporters reported the sale of 130,000 tonnes ofsoybeans for delivery to unknown destinations in the 2022/23marketing year, the U.S. Agriculture Department said. * Analysts were expecting a USDA report on Thursday morningto show that soybean export sales were in a range between600,000 and 1.26 million tonnes in the week ended Jan. 19. Aweek earlier, soybean export sales totaled 986,196 tonnes. * The benchmark Chicago Board of Trade March soybean futurescontract settled up 14 cents at $15.02-1/2 a bushel afterfalling below its 40-day moving average for the first time sinceJan. 5 overnight. * Technical support was noted at the contract's 50-day moving average, a level it has not dipped below since Nov. 21. * CBOT March soyoil dropped 0.44 cent to settle at60.54 cents per lb. March soyoil fell to its lowest since Dec.12 early in the session. * CBOT March soymeal futures closed up $5.70 at$465.50 a ton. (Reporting by Mark Weinraub; Editing by Sandra Maler) © Copyright Thomson Reuters 2023. Click For Restrictions - http://about.reuters.com/fulllegal.asp Was this page helpful? Thanks for your feedback! Tell us why! Other Submit