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Barchart
Barchart
Austin Schroeder

Soybeans Holding Steady at Midday

CmdtyView Oil

Soybeans are trading with most contracts down 1 to 2 cents and September up 1 ¼ cents. The cmdtyView national average Cash Bean price is steady at $9.73 1/4. Soymeal futures are down $2.20 to 60 cents higher so far on the day. There were 21 deliveries issued overnight.  Soy Oil futures are 42 to 50 points lower. The CBOT reported 7 deliveries against September on first notice day.

Export Sales data has old crop soybean commitments at 50.869 MMT, which is 100% of the USDA forecast and behind the 103% average pace.  Business for new crop is at 7.228 MMT, which is 28.8% below last year for this time, as Chinese buying has been silent.

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