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Barchart
Barchart
Austin Schroeder

Soybeans Post Double Digit Losses on Monday

CmdtyView Oil USDA

Soybeans failed to see much buying out of the weekend, as contracts were down 9 to 13 cents at the close. The cmdtyView national average new crop Cash Bean price is down 10 cents today at $9.76 1/4. Soymeal futures were up a dime. Soy Oil was 23 to 27 higher in the front months.

The Monday afternoon Crop Progress report from USDA showed a total of 62% of the US bean crop blooming, with 26% setting pods. Condition ratings slipped 2% to 68% in good/excellent categories, as the Brugler500 was down 2 points to 373.

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