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Barchart
Barchart
Austin Schroeder

Soybean Bulls Getting Early Christmas Present on Wednesday

CmdtyView Oil

Soybeans are trading with 10 to 12 cents across most contracts on Wednesday, as the market gets prepped for the Thursday Holiday.  The cmdtyView national average Cash Bean price is 10 1/4 cents higher at $9.90. Soymeal futures are trading with gains of $3 to $3.30, as Soy Oil futures are up 60 to 66 points. The markets will close early today with the next open on Friday at 8:30 am CST.

USDA has export sale commitments for soybeans at 25.778 MMT, which is down 33% from the same period last year as of 12/11. That it 58% of USDA’s export projection and lagging the 79% average pace.

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