
Soybeans are trading with 6 to 8 cent gains at Tuesday’s midday. The cmdtyView national average Cash Bean price is 6 3/4 cents lower at $10.03 1/2. Soymeal futures are $2.30 lower, with Soy Oil futures up 125 points.
The Treasury issued guidance on the 45Z tax credit this morning, adding some premium to bean oil and lessening some uncertainty.