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Barchart
Austin Schroeder

Soybeans Trading Higher Ahead of USDA Report

USDA United States CmdtyView

Soybeans are trading with 3 to 5 ½ cent gains on Tuesday morning. Futures posted Monday gains of 3 to 5 cents. Open interest was up 5,376 contracts on Monday, with 21,516 contracts rolling out of March. The cmdtyView national average Cash Bean price was down 4 ¼ cents at $10.45 1/2. Soymeal futures were a dime to $5.80 lower, with Soy Oil futures were 102 to 136 points in the green on the day.

USDA reported a private export sale of 264,000 MT of soybeans to China on Tuesday morning. 

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