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Barchart
Austin Schroeder

BIZARRE: Soybeans posting midday gains - You Need To See This

Soybeans are up 6 to 10 cents across the front months on Wednesday. January expires today. The cmdtyView national average Cash Bean price is 6 3/4 cents lower at $9.73. Soymeal futures are up 50 to 80 cents at midday, as Soy Oil futures are down 2 to 5 points. There were 47 deliveries issued against soybeans overnight, with 7 for January bean oil.

USDA reported a private export sale of 334,000 MT of soybeans to China on this morning via their daily announcements system.

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