Soybeans rounded out the Tuesday session with contracts fractionally to 1 ¼ cents higher. The cmdtyView national average Cash Bean price was up 1 1/4 cents at $10.68 1/2. Soymeal futures were a dime to $3.40 lower in the front months, with Soy Oil futures 21 to 44 points higher.
NOPA data was released this morning, with a total fo 221.56 mbu of soybeans crushed in January, exceeding estimates. That was 10.57% above last year, but down 1.52% from last month. Soybean oil stocks rose 15.6% over last month and 49.07% above last year.
