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Barchart
Barchart
Austin Schroeder

Soybeans Falling Back on Thursday

Soybeans are falling 23 to 26 cents across most contracts on Thursday, giving some recenet strength back on meal pressure. There were another 377 deliveries issued overnight, taking the total to 1,470 for the month. The cmdtyView national average Cash Bean price is 25 cents lower at $10.35 1/2. Soymeal futures are down $11 to $12.50 so far on the day, with Soy Oil futures are down 14 to 17 points.

COFCO, a Chinese state-owned entity, held a soybean procurement signing ceremony overnight, though no specifics were given on totals.

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