Soybeans are showing midday losses of 3 to 5 cents on Tuesday as contracts revert from early morning gains. The cmdtyView national average Cash Bean price is down 4 cents at $9.57 3/4. Soymeal futures are down $3/ton, as Soy Oil is 60 to 65 points higher.
Monday afternoon’s Crop Progress data indicated 47% of US soybean crop was blooming by Sunday even with the 5-year average, with% setting pods. Ratings were up 4% to 70%, with the Brugler500 index taking all 5 ratings into account up 7 points to 376.
NOPA from this morning showed a total of 185.7 mbu of soybeans crushed in June, above trade estimates. That was down 3.69% from May, but up 5.76% from last year and a June record. Soybean oil stocks were tallied at 1.366 billion lbs.
Aug 25 Soybeans are at $9.96 1/2, down 4 1/2 cents,
Nearby Cash is at $9.57 3/4, down 4 cents,
Sep 25 Soybeans are at $9.89 1/4, down 4 cents,
Jan 26 Soybeans are at $10.21, down 3 cents,
New Crop Cash is at $9.54 3/4, down 3 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
