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Barchart
Austin Schroeder

Soybeans Starting the New Year with Weakness

Soybeans IS CmdtyView Oil

Soybeans are slipping 2 to 3 ½ cents so far on Friday morning. There were 913 deliveries issued against January beans overnight.  The cmdtyView national average Cash Bean price is 4 ¼ cents higher at $9.68. Soymeal futures are $2.90 to $3.10/ton lower, with Soy Oil futures up 40 to 51 points on the day. There were 48 deliveries issued for Jan bean oil.

USDA released the payment details for the Farm Bridge Assistance program on Wednesday, with soybeans getting a $30.88/acre payment.

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