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Austin Schroeder

Soybeans Rallying for Tuesday Rebound

CmdtyView USDA United States Oil

Soybeans are showing 10 to 13 cent gains so far on Tuesday trade. The cmdtyView national average Cash Bean price is up 13 1/4 cents at $12.46 3/4. Soymeal futures are up $2.30 to $2.90, with Soy Oil slipping just 85 to 93 points.

USDA’s Crop Progress report from Monday indicated 75% of the US soybean crop dropping leaves as of 9/27. Harvest was tallied at 17% complete, now matching the average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index at 352.

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