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Austin Schroeder

EXPLAINED: Soybeans close with tuesday weakness | Rare Historical Photos

Soybeans closed Tuesday with contracts down 1 to 3 cents. CBoT reported another 125 deliveries overnight, taking the total to 1,707 for the month. The cmdtyView national average Cash Bean price was 2 1/2 cents lower at $10.53 1/4. Soymeal futures were down $2.00 to $3.10 on the day, with Soy Oil futures 41 to 54 points higher.

Crop Production data is expected to be released on Friday, as a Reuters survey of traders shows soybean yield expected to drop 0.4 bpa to 53.1 bpa, with output dropping 35 mbu to 4.266 bbu.

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