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Barchart
Austin Schroeder

Soybeans Fall to Start the Week, as Ratings Improve

CmdtyView European Union Oil United States

Soybeans closed the Monday session with contracts down 9 to 10 cents. The cmdtyView national average new crop Cash Bean price was down 10 1/2 cents at $9.59 1/4. Soymeal futures were fading lower on Monday, with contracts $1.60 to $2.90. Soy Oil was 1 to 27 points higher on the day.

The Monday afternoon Crop Progress report from USDA showed a total of 76% of the US bean crop blooming, with 41% setting pods. Condition ratings were back up 2% to 70% in good/excellent categories, as the Brugler500 improved 5 points to 378.

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