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Austin Schroeder

THE TRUTH ABOUT: Soybeans holding weaker on wednesday - Caught on Camera

Soybeans Oil CmdtyView

Soybeans are showing 1 to 4 cent losses across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 1 ¼ cents at $10.97 3/4. Soymeal futures are up $1.50 to $2.00, with Soy Oil futures 150 to 165 points lower. Crude Oil is weaker, down $1.56 as the Middle East situation has cooled off after a post from President Trump suggested Iran is looking for a ceasefire.

USDA Export Sales data is estimated to show between 300,000-700,000 MT in Thursday’s Export Sales update for old crop. New crop business is seen at 0-50,000 MT.  Soybean meal sales are seen in a range of 200-500,000 MT, with bean oil at 0-12,000 MT. 

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