Soybeans are trading with contracts down 1 to 2 1/2 cents on Wednesday, with futures bouncing off the early session lows. The cmdtyView national average Cash Bean price is 2 ¾ cents lower at $9.89 1/4. Soymeal futures are $3.30 lower, with Soy Oil futures steady at midday.
USDA reported a couple private export sales of 198,000 MT of soybean to China and 125,000 MT to unknown destinations this morning.
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ANEC estimates the Brazilian soybean exports for December at 3.57 MMT, a 0.24 MMT increase from last week’s estimate.
Jan 26 Soybeans are at $10.60 1/4, down 2 1/2 cents,
Nearby Cash is at $9.89 1/4, down 2 3/4 cents,
Mar 26 Soybeans are at $10.70 1/2, down 1 1/4 cents,
May 26 Soybeans are at $10.81 3/4, down 1 1/4 cents,
