Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Austin Schroeder

Soybean Bulls Getting Some Help from Bean Oil

Soybeans are trading with contracts 6 to 8 cents higher across the front months at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $9.73 1/2. Soymeal futures are up 50 to 80 cents, with Soy Oil futures posting 90 to 100 point gains. 

Weekly NASS Crop Progress data indicated a total of 41% of the US soybean crop was dropping leaves by 9/14, with harvest listed at 5%. Condition ratings were 1% lower to 63% as the Brugler500 index dropped 3 points to 362. Just KS (+3), NE (+2), and TN (+5) saw increases in ratings, with IL (-11), IN (-7), IA (-2), MN (-4), MO (-6), ND (-7), and OH (-7) all showing a deteriorating crop.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.