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Barchart
Barchart
Austin Schroeder

Soybeans Pushing Gains to Thursday

CmdtyView

Soybeans are trading with Thursday gains of 4 to 5 cents. Futures closed out the Wednesday session with contracts up 11 ¼ to 21 ½ cents across most months. Open interest suggested net new buying, up 10,491 contracts. The cmdtyView national average Cash Bean price was up 21 cents at $11.98. Soymeal futures were up $4.70 to $6.80, as Soy Oil was back up 17 to 58 points.

The ProFarmer Crop Tour showed Illinois pod counts in a 3’x3’ square averaging 1,430.37, 3.3% below last year but up 2.93% from the 3 year average. Results for Iowa and Minnesota will be announced later this evening.

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