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Barchart
Barchart
Austin Schroeder

UNBELIEVABLE: Soybeans get strength from bean oil gains - The Untold Story

Oil CmdtyView

Soybeans posted 4 to 5 ½ cent gains on Tuesday. The cmdtyView national average Cash Bean price was 4 3/4 cents higher at $10.00 1/2. Soymeal futures were $1.40 to $2.60 lower, with Soy Oil futures up 102 to 129 points.

The Treasury issued guidance on the 45Z tax credit this morning, adding some premium to bean oil and lessening some uncertainty. 

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