Soybeans slipped lower on the Monday session, with contracts fractionally to 4 cents in the red. The cmdtyView national average Cash Bean price was down 3 ¼ cents at $9.61 1/2. Soymeal futures were down $1.50 to $2.60/ton, as Soy Oil was 25 to 42 points higher.
Monday afternoon’s Crop Progress data indicated 47% of US soybean crop was blooming by Sunday even with the 5-year average, with% setting pods. Ratings were up 4% to 70%, with the Brugler500 index taking all 5 ratings into account up 7 points to 376.
