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Barchart
Austin Schroeder

Soybeans Rally to Start the Week, as Tariff Pause Extends

United States CmdtyView Donald Trump Oil

Soybeans rallied on Monday, following a Social post from the President on Sunday night. Futures closed with 20 to 24 front month gains. The cmdtyView national average Cash Bean price was up 23 cents at $9.51 1/4. Soymeal futures posted gains on Monday, up $4.20 to $5.30. Soy Oil futures were 26 to 53 points higher. There were another 108 August soybean meal deliveries, with the month to date total at 3,471 contracts.

Crop Progress data from NASS this afternoon showed 91% of the US bean crop blooming by Sunday, with 71% setting pods, both 1% behind normal. Soybean conditions were down another  1 percentage point to 68% gd/ex, with the Brugler500 index dropping back 1 point to 374.

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