Soybeans saw gains of 12 to 23 ½ cents across the board on Monday. The cmdtyView national average Cash Bean price was up 24 1/4 cents at $11.75 1/4. Soymeal futures closed with contracts $1.10 to $2.40 higher, as Soy Oil rallied 130 to 202 points.
Weekly Crop Progress data from NASS showed 96% of the US soybean crop blooming by 8/16, with 85% setting pods and 5 percentage points faster than the 5-year average. Condition ratings were down 1% at 61% gd/ex, with the Brugler500 index unchanged at 361.
