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Barchart
Barchart
Austin Schroeder

Soybeans Starting Tuesday with Turnaround Action

CmdtyView

Soybeans are reverting back higher on Tuesday morning with gains of 6 to 7 cents as trade talks are planned for this week.  Futures posted losses of 9 to 11 cents across most contracts on Monday. Preliminary open interest showed some lings exiting, down 17,277 contracts. The cmdtyView national average Cash Bean price was down 11 cents at $9.77. Soymeal futures were mixed, with contracts down $2 to 70 cents higher. Soy Oil futures were down 18 to 53 points.

A Chinese trade official is heading to D.C. this week for meetings with US trade reps according to a Wall Street Journal report.

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