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Barchart
Austin Schroeder

Soybean Bulls Pushing Higher at Midday

United States CmdtyView USDA Oil

Soybeans are showing firmer trade on Tuesday, with contracts up to 1 ¼ cents higher at midday. The cmdtyView national average Cash Bean price is up 1 1/4 cents at $12.70 3/4. Soymeal futures are up another $4.30, with Soy Oil down 55 to 61 points.

USDA’s Crop Progress report from NASS showed 62% of the US soybean crop dropping leaves as of 9/20. Harvest was listed at 12% complete, ahead of the 8% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index slipping 1 point on a move from fair to poor at 352.

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