Soybean holds near 2-year peak

Soybean prices held on Thursday, near the highest level since March 2018, while the US dollar steadied against most major currencies.

The US Department of Agriculture reported that Mexico and China have booked huge purchases of US soy.

The USDA stated that private US exporters sold 374,000 tonnes of soybean to China and 152.4,000 to Mexico, as well as 132,000 tonnes to other destinations.

According to this data, this is the largest US soybean deal since September 8.

The dollar index held against a basket of currencies at 93.6 points as of 22:18 GMT, after it hit a high of 93.7 and a low of 93.5.

Soybean November futures held at $10.05 a bushel, after hitting a high of $10.06 and a low of $10.04.