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Barchart
Barchart
Austin Schroeder

Soybean Collapse Continues on Wednesday

CmdtyView

Soybeans are showing 9 to 10 cent losses so far on Wednesday, continuing the slop now below $10 for old crop. The cmdtyView national average Cash Bean price is down 8 cents at $9.39 1/4. Soymeal futures are continuing their weakness, with contracts down 80 cents to $1.10/ton, with Soy Oil posting gains of 20 to 32 points.

The meeting between the US and China in Sweeden saw a tariff deadline pushed back from the August 12 for 90 days pending the approval of President Trump, as the two look to defuse the trade situation. 

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