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Barchart
Barchart
Austin Schroeder

Soybeans Posting Friday Gains

Soybeans are trading with 8 to 8 cent gains at midday, backing off from early double digit gains. The cmdtyView national average new crop Cash Bean price is up 6 ½ cents today at $9.89 3/4. Soymeal futures are $3.70 higher, while Soy Oil is 26 points lower in the front months.

Soybean export commitments are now at 50.648 MMT, which is now 100% of USDA’s full marketing year projection and lagging the 102% average.

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