Soybeans were 5 to 8 cents lower in the front months on Monday, with new crop contracts fractionally higher. There were another 158 deliveries issued on Friday evening. The cmdtyView national average Cash Bean price was down 2 cents at $10.91 1/4. Soymeal futures fell $2.30 to $7.60 lower, with Soy Oil futures 70 to 92 points higher. There were 102 deliveries against March bean meal futures on Friday night.
Crude oil provided some spillover support to bean oil, up $4.01 following the US/Israel strikes on Iran over the weekend. Uncertainty with China ahead of an expected meeting later this month was adding pressure, after they condemned the US strikes on Iran.
