DALIAN—No.1 soybean futures witnessed a rise in their closing price during Friday’s daytime trading session at the Dalian Commodity Exchange (DCE).

According to Namibia Press Agency, the most actively traded No.1 soybean contract, set for January 2025 delivery, increased by 9 yuan (about 1.27 U.S. dollars), closing at 4,313 yuan per tonne. The day saw significant activity, with 98,626 lots of the five listed No.1 soybean futures being traded, resulting in a turnover of approximately 4.25 billion yuan.

China holds the status as the world’s largest importer of soybeans, a factor that continuously influences futures markets, including the activities at the DCE.