Soybeans are trading with Monday morning gains of 6 to 7 cents. Futures closed out the Monday session with contracts down 3 to 4 cents across the front months. Preliminary open interest slipped 4,333 contracts. The cmdtyView national average Cash Bean price was down 4 1/4 cents at $9.66. Soymeal futures were down $2.30 to $2.70, with Soy Oil futures posting 12 point front month gains.
Weekly NASS Crop Progress data indicated a total of 41% of the US soybean crop was dropping leaves by 9/14, with harvest listed at 5%. Condition ratings were 1% lower to 63% as the Brugler500 index dropped 3 points to 362.
