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Real-time News
June 25 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) soybean futures closed lower on Wednesday, with the benchmark contract down 0.7%, marking the third decline in the past four trading days. This was mainly due to the plunge in international crude oil futures, with speculative funds continuing to sell. International crude oil fell by more than $3 per ton on Wednesday, closing at its lowest level in four months, as market concerns about supply eased as more tankers left the Strait of Hormuz. Soybean futures are typically influenced by crude oil movements because soybeans are a key feedstock for biofuel production. Generally favorable weather conditions in the U.S. Midwest, which are conducive to early crop growth, continued to weigh on the soybean market and encouraged speculative funds to continue selling.On June 25th, according to foreign media reports, soybean meal futures on the Chicago Board of Trade (CBOT) closed mixed on Wednesday, with the benchmark contract closing down 0.4%, following the downward trend in neighboring soybean and soybean oil markets. Favorable weather conditions in U.S. soybean producing regions and a clear production outlook continued to pressure the soybean and soybean product markets. The sharp drop in international crude oil futures also negatively impacted the soybean and soybean product markets. The U.S. Department of Agriculture will release its weekly export sales report on Thursday. Analysts expect net U.S. soybean meal export sales for the week ending June 18, 2026, to be between 200,000 and 550,000 tons. In comparison, the previous weeks net sales for U.S. soybean meal in the 2025/26 marketing year were 283,900 tons, and net sales for the 2026/27 marketing year were 120,200 tons.June 25 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Wednesday, with the benchmark contract down 1.3%, following the downward trend in the international crude oil market. Crude oil prices fell by more than $3, reaching levels seen before the Iran-Iraq War, as supply concerns eased as more tankers stranded in the Strait of Hormuz departed. U.S. crude oil futures prices fell below $70 per barrel, hitting their lowest level since March 2. The soybean oil futures market typically follows crude oil trends because soybean oil is a feedstock for biofuels.June 25 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed slightly lower on Wednesday, with the benchmark contract down 0.6%, mainly reflecting the plunge in international crude oil futures and generally favorable weather conditions in the Corn Belt. As tensions in the Middle East eased, more oil tankers left the Strait of Hormuz, causing international crude oil prices to fall further to their lowest level in four months. This put downward pressure on the corn market. Corn is a key raw material for bioethanol production. In recent weeks, speculative funds have been significantly reducing their large net long positions in CBOT corn futures, exacerbating the decline in corn prices. However, recent strong US corn export sales have provided a floor for the corn market.Japanese Chief Cabinet Secretary: No abnormalities occurred at the nuclear facility, and there were no casualties.

Crypto derivatives volumes surge to $3.12 trillion in July

Skylar Shaw

Aug 12, 2022 14:53

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According to researcher CryptoCompare, trade in cryptocurrency derivatives on centralized exchanges increased to $3.12 trillion in July, up 13% month over month, as cryptocurrency values begin to rebound from the recent market crisis.


According to CryptoCompare, the derivatives market now accounts for 69% of all crypto transactions, up from 66% in June, and helped drive total crypto volumes on exchanges to $4.51 trillion in July.


On July 29, derivatives exchanges transacted up to $245 billion, which is 9.7% greater than the $223 billion top daily high for June.


Spot cryptocurrency trade, however, dipped to $1.39 trillion in July, the lowest level since December 2020 and a monthly fall of 1.3%, according to CryptoCompare.


In May and June, the price of cryptocurrencies fell precipitously as investors fled riskier investments due to concerns about soaring inflation and Federal Reserve interest rate rises. Several cryptocurrency organizations have slashed staff after a significant pair of tokens collapsed, and other cryptocurrency lenders have frozen client withdrawals.


With bitcoin rising 17% in July, prices have somewhat recovered. It is still a long way from its record high of $69,000 in November, which it reached at roughly $24,300.


Since there is no U.S. Federal Reserve meeting in August, CryptoCompare said, "the jump in futures trading volume signals an increase in speculative activity as traders feel there is opportunity for more upside in current rally."


According to CryptoCompare, traders are also making predictions on the impending Ethereum merge, which is a network update anticipated for September.


Since its $880 low in June, ether has increased to over $1,900.


According to CryptoCompare, BinanceUSD, a stablecoin released by the cryptocurrency exchange Binance, gained popularity in July as spot volumes for transactions between bitcoin and BinanceUSD for the first time surpassed those between bitcoin and dollars.


With a 54% market share, Binance continued to dominate the exchange landscape, while Atom Asset Exchange (AAX), which saw its volume increase by 26.5% in July, moved into second place.


Trading volumes more than half in the second quarter of 2022, according to a data released on Tuesday by American exchange Coinbase.

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