Soybeans are trading with Wednesday AM losses of 6 to 7 ½ cents. Futures were pressured by weaker products, crude and a wetter forecast on Tuesday, with contracts steady in some deferreds to down 15 cents in the nearbys. Open interest was down 3,006 contracts. The cmdtyView national average Cash Bean price was down 13 3/4 cents at $11.34 1/2. Soymeal futures were down $1.20 to $3.20, with Soy Oil 18 to 62 points lower. Crude oil, down $5.20, added some pressure. There were 137 deliveries issued against August soybeans overnight, with 322 for August bean oil.
USDA reported another 132,000 MT of 2026/27 soybean sold to China on Tuesday morning.
