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Barchart
Austin Schroeder

Soybeans Fading Export Business and Shipments

Soybeans are trading with contracts 8 to 10 cents lower across most contracts at midday. The cmdtyView national average Cash Bean price is down 10 cents at $11.92 3/4. Soymeal futures are down $3.60 to $4.60, as Soy Oil futures are down 60 to 64 points.

USDA confirmed another round of private export sales of 114,000 MT of soybeans to China this morning, with another 261,000 MT to unknown destinations. That follows the combined 1.87 MMT in sales announced last week.

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