Soybeans have seen a back and forth trade over the last week seeing some consolidation, with Tuesday trade showing fractionally to 2 cent lower tradr so far on Tuesday. CBoT reported another 125 deliveries overnight, taking the total to 1,707 for the month. The cmdtyView national average Cash Bean price is 1 3/4 cents lower at $10.55. Soymeal futures are down $2.80 at midday, with Soy Oil futures 59 points higher.
Crop Production data is expected to be released on Friday, as a Reuters survey of traders shows soybean yield expected to drop 0.4 bpa to 53.1 bpa, with output dropping 35 mbu to 4.266 bbu.
