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Barchart
Barchart
Austin Schroeder

Soybeans Pushing Correction to Midday

Soybeans CmdtyView Oil

Soybeans are pushing the retreat to Friday, with contracts down 14 to 15 cents at midday. The cmdtyView national average Cash Bean price is down 19 cents at $11.09 1/4. Soymeal futures are back up 70 cents to $1.70, with Soy Oil futures falling steady at midday. There was 1 delivery issued overnight for May soybean meal with 8 for bean oil. May soybeans say 41 delivery notices on Thursday evening. 

Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that China will be buying billions of dollars in soybeans.

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