Soybeans are showing losses of 27 to 31 cents in the front months at midday. The cmdtyView national average Cash Bean price is down 29 1/2 cents at $12.32. Soymeal futures are down $10 to $11.40, with Soy Oil slipping just 4 to 7 points.
Following last week’s US/China meeting, China dropped tariffs on several US goods, but left soybeans off the list. This will likely limit US export business to just state-owned entities, which are exempt from the tariff.
