
Soybeans will start off a new year of trade at 8:30 am CST. The market fell on the New Years Eve session, with contracts down 13 to 16 cents at the close. Open internet was up 5,008 contracts on Wednesday. There were 913 deliveries issued against January beans overnight. The cmdtyView national average Cash Bean price as 15 ¼ cents lower at $9.64 3/4. Soymeal futures were $1.50 to $2.90/ton lower, with Soy Oil futures down 77 to 88 points on the day. There were 48 deliveries issued for Jan bean oil.
USDA released the payment details for the Farm Bridge Assistance program on Wednesday, with soybeans getting a $30.88/acre payment.