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Barchart
Austin Schroeder

BIZARRE: Soybeans rally on turnaround tuesday | Mind Blowing Facts

CmdtyView

Soybeans saw strength on Tuesday, with contracts rebounding 4 3/4 to 9 ¾ cents higher. The cmdtyView national average Cash Bean price was up 11 1/4 cents at $12.44 3/4. Soymeal futures were down 50 cents to $1.60 in the nearbys and 10 to 70 cents higher in the deferreds, with Soy Oil up 60 to 75 points.

USDA’s Crop Progress report from Monday indicated 75% of the US soybean crop dropping leaves as of 9/27. Harvest was tallied at 17% complete, now matching the average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index at 352.

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