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Barchart
Barchart
Austin Schroeder

Soybeans Showing Steady Midday Trade

CmdtyView

Soybeans are trading with fractional to 2 cent gains in some nearbys on Wednesday, with other slipping lower. Futures are selling some of the ‘fact’ in Chinese buying rumors from this morning.  The cmdtyView national average Cash Bean price is 1 1/4 cents higher at $10.12 1/2. Soymeal futures are up $4 to $4.20, with Soy Oil futures slightly lower.

Ahead of the Trump/Xi meeting overnight into Thursday, China has been rumored to purchase at least 180,000 MT of soybeans. We won’t know the exact totals anytime soon due to the government shutdown restricting the FAS weekly Export Sales report and large daily sale announcements. 

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