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Barchart
Austin Schroeder

Soybean Pressure Continuing to Monday’s Midday

United States CmdtyView China Oil

Soybeans are showing losses of 27 to 31 cents in the front months at midday. The cmdtyView national average Cash Bean price is down 29 1/2 cents at $12.32. Soymeal futures are down $10 to $11.40, with Soy Oil slipping just 4 to 7 points.

Following last week’s US/China meeting, China dropped tariffs on several US goods, but left soybeans off the list. This will likely limit US export business to just state-owned entities, which are exempt from the tariff.

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