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Barchart
Barchart
Austin Schroeder

Soybean Traders Battle at the $10 Mark on Wednesday

Soybeans are trading with losses of 2 to 4 cents across most contracts on Wednesday, as November tries to hold the $10 mark at midday. The cmdtyView national average Cash Bean price is 4 ¾ cents lower at $9.20 ¼. Soymeal futures are down $1.90 to $3.70/ton, with Soy Oil futures trading higher, up 60 to 64 points.

Continued lack of export business as we head into the busiest part of the soybean export season is putting extended pressure on the market. 

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