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Austin Schroeder

Soybeans Falling on Tuesday, as Meal Adds Pressure

CmdtyView Oil USDA

Soybeans are trading with Tuesday losses of 9 to 11 cents so far on Tuesday. The cmdtyView national average Cash Bean price is 11 cents lower at $9.66 1/2. Soymeal futures are a pressure factor, down $36 to $6.80, as Soy Oil futures are up 90 to 97 points. There were 26 deliveries issued against soybeans on Friday night, with 30 for January bean oil.

USDA reported a private export sale of 168,000 MT of soybeans to China this morning, with 152,404 MT reported as sold to Mexico.

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