Soybeans saw gains at the Monday close despite the early weakness, with contracts up 2 1/2 to 5 3/4 cents at the final bell. The cmdtyView national average Cash Bean price was up 6 3/4 cents at $10.66 1/4. Soymeal futures were up 70 cents to $1 at the close, with Soy Oil futures mostly 14 to 44 points lower, as July was up 9 points. Crude oil was down $3.72 at the close after the US and Iran came to a peace deal over the weekend.
The weekly Crop Progress report from NASS showed 95% of the US soybean crop planted by 6/7, up 2% from normal, with 88% emerged and 6 percentage points faster than normal. Condition ratings were back up 1% to 66% gd/ex, with the Brugler500 index up 1 points to 368.
