Soybeans are showing midday losses of 3 to 5 cents on Tuesday as contracts revert from early morning gains. The cmdtyView national average Cash Bean price is down 4 cents at $9.57 3/4. Soymeal futures are down $3/ton, as Soy Oil is 60 to 65 points higher.
Monday afternoon’s Crop Progress data indicated 47% of US soybean crop was blooming by Sunday even with the 5-year average, with% setting pods. Ratings were up 4% to 70%, with the Brugler500 index taking all 5 ratings into account up 7 points to 376.
