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Barchart
Barchart
Austin Schroeder

INSANE: Soybeans fading off early weakness with midday gains - The Real Truth

CmdtyView

Soybeans are holding on to the day session opening gains after overnight weakness. Trade shot higher at the 8:30 am CDT open with midday gains of 8 to 11 cents so far at midday. The cmdtyView national average Cash Bean price is up 8 cents at $10.84 1/4. Soymeal futures are up $1.80 to $2.10 at midday, with Soy Oil futures 155 to 160 points lower.

The weekly Crop Progress report from NASS showed 95% of the US soybean crop planted by 6/7, up 2% from normal, with 88% emerged and 6 percentage points faster than normal. Condition ratings were back up 1% to 66% gd/ex, with the Brugler500 index up 1 points to 368.

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