Soybeans are trading with mixed action as front months are up 1 to 2 cents and deferred down fractionally. The cmdtyView national average Cash Bean price is up 2 1/4 cents at $10.92 1/2. Soymeal futures are up 50 cents to $1 in the front months, with Soy Oil futures down 190 to 204 points on the day.
Crude oil is down $18.32 at midday following a 2-week ceasefire between Iran and the US that includes the reopening of the Strait of Hormuz. Traffic was limited overnight. Early this morning President Trump posted that ‘a country supply military weapons to Iran will be immediately tariffed” by a rate of 50%.
