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Barchart
Barchart
Austin Schroeder

Soybeans Continue Losses into the Weekend

Soybeans were under pressure heading into the weekend, with contracts down 3 to 6 cents, as August was down 29 cents on the week and November slipping just 14 ¾ cents. The cmdtyView national average new crop Cash Bean price is down 3 3/4 cents at $9.70 3/4. Soymeal futures were back down $1.60 to $1.80/ton, as August was $6.20 lower on the week. Soy Oil was 22 to 23 points lower on Friday, but managed 67 point gains this week.

USDA reported a private export sale of 142,500 MT of soybeans sold to Mexico this morning for new crop shipment.

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