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Barchart
Austin Schroeder

Soybeans Face Monday Pressure

CmdtyView Oil

Soybeans posted losses of 9 to 11 cents across most contracts on Monday. The cmdtyView national average Cash Bean price was down 11 cents at $9.77. Soymeal futures were mixed, with contracts down $2 to 70 cents higher. Soy Oil futures were down 18 to 53 points.

Crop Progress data from NASS on Monday afternoon showed a total of 89% of the US soybean crop setting pods and 4% dropping leaves, on par with the 5-year average. Condition ratings were up 1% to 69% gd/ex, with the Brugler500 index 1 point higher to 374.

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