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Barchart
Barchart
Austin Schroeder

Soybeans Fail to See Strength into the Weekend

USDA United States

Soybeans posted Friday losses of 6 to 9 cents on the session, with futures failing to see bulls show up after USDA data was released. August soybeans dropped 51 1/4 cents this week, as November fell 42 cents from last Thursday’s close. The cmdtyView national average Cash Bean price was down 7 3/4 cents at $9.64 1/4. Soymeal futures were down 90 cents to $1.80/ton, as Soy Oil was 12 to 26 points higher. 

USDA reported a private export sale of 219,000 MT of new crop soybeans to Mexico this morning.

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