Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Austin Schroeder

Soybeans Showing Modest Wednesday Morning Pullback

Soybeans are trading with Wednesday morning 1 to 2 cent losses. Futures posted late session strength on Tuesday, with contracts rallying 10 ¾ to 22 ¼ cents on the day, led by the front months. Open interest was up 11,225 contracts on Tuesday, suggesting new buying. The cmdtyView national average Cash Bean price was up 21 1/2 cents at $12.47 1/2. Soymeal futures were up $5.40 to $7.70, with Soy Oil futures 28 to 63 points higher.

Monthly export data from Census showed 1.465 MMT (53.82 mbu) of soybeans shipped in August, which was down 22.54% from last month and 36.1% below from last year. Soybean meal exports were a record at 1.366 MMT in August.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.