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Austin Schroeder

Soybeans Holding onto Thursday Gains as USDA Makes Few Major Changes

Soybeans USDA Oil CmdtyView

Soybeans are showing 1 to 3 cent gains at Thursday’s midday. The cmdtyView national average Cash Bean price is up 3 1/4 cents at $10.97. Soymeal futures are up $2.30 to $3.50 on the day, with Soy Oil futures down 30 to 35 points on the day. Crude oil is back up $3.21 so far on Thursday.

USDA released their monthly WASDE report this morning showing a few changes in the demand projections, with a 35 mbu increase to crush. Exports were trimmed by 35 mbu to take the overall change in the carry out to 0 at 350 mbu. The cash average price was up a dime to $10.30.

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