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Barchart
Barchart
Austin Schroeder

EXPLAINED: Soybeans rebound on monday - The Real Truth

CmdtyView Oil United States WI

Soybeans posted Monday gains of 5 to 9 ¾ cents at the close. The cmdtyView national average Cash Bean price was up 7 3/4 cents at $12.44 1/4. Soymeal futures were up 40 cents to $3.40, with Soy Oil 35 to 56 points higher across the board. There was just 1 delivery issued against September soybeans, with 1 for soybean meal and 2 deliveries against September bean oil. September expired today.

Monday’s Crop Progress report from NASS showed 44% of the US soybean crop dropping leaves as of Sunday. Harvest was listed at 6% complete, ahead of the 3% average pace. Condition ratings were steady at 58% gd/ex, with the Brugler500 index unchanged at 353.

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