Soybeans were pressured into the Tuesday close, with contracts down 2 3/4 to 8 ½ cents across the board. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.78 1/2. Soymeal futures were down $2.00 to $4.20, with Soy Oil futures up 15 to 45 points. Crude oil finished the day with late pressure to close up just 26 cents, as reports surfaced of a potential 1 month ceasefire on the Middle East conflict.
The EPA is expected to release the RVO number for this year later this week, adding some premium back into the bean oil market.
