Soybeans are trading with 4 to 6 cent gains on Monday at midday. The cmdtyView national average Cash Bean price is up 5 ¼ cents at $10.91 1/4. Soymeal futures are up 40 to 70 cents, with Soy Oil futures 125 to 130 points higher.
Export Inspections data showed soybeans at 586,427 MT (21.43 mbu) shipped in the week that ended on March 26. That was down 28.3% from last week, and 47.4% below the same week last year. China was the top destination of 270,424 MT, with 80,716 MT to Indonesia and 53,245 MT to Egypt. Marketing year shipments have totaled 29.182 MMT (1.072 bbu), which is down 27% yr/yr.
