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Austin Schroeder

Soybeans Firming on Tuesday AM Trade

CmdtyView

Soybeans are trading with contracts 2 to 3 cents higher. Futures closed with contracts steady in some back months to down 7 ¾ cents in the front months on Monday. Open interest was up 6,349 contracts on MondayThe cmdtyView national average Cash Bean price was down 8 cents at $11.94 1/4. Soymeal futures were down 60 cents to $2.30, as Soy Oil futures were 24 to 46 points lower.

Late on Tuesday, the White House announced a Harvest Fuel Relief Program, providing producers with $8 billion in assistance due to high fuel prices.

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