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Barchart
Barchart
Austin Schroeder

Soybean Bulls Pushing Higher

CmdtyView Oil

Soybeans are in rally back mode on Thursday with contracts up 6 to 7 cents at midday. The cmdtyView national average Cash Bean price is 6 3/4 cents higher at $9.43 3/4. Soymeal futures are up $3.60 to $3.70 so far on the day, with Soy Oil steady to 9 points higher in the nearbys.

With the Crop Insurance discovery now over half way through, November soybean futures have averaged $10.15 thus far. That is down from $10.54 from the Feb price but up from the $10.03 from last year’s fall price.

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