Soybeans are showing 8 to 9 cent gains early on Tuesday. Futures pulled back off of early double digit gains on Monday, with contracts closing fractionally to 3 1/4 cents higher across most contracts. Open interest was up 3,456 contracts, mainly in the January contract. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $12.25 1/4. Soymeal futures were up $1.20 to $1.80 lower, with Soy Oil futures up 21 to 80 points.
A private export sale of 104,000 MT of soybeans was reported on Monday morning by USDA to unknown destinations.
