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Austin Schroeder

EXPLAINED: Soybeans resume strength on tuesday | Vintage Vibes

CmdtyView Oil

Soybeans closed Tuesday with contracts 11 to 13 cent higher in the front months. The cmdtyView national average Cash Bean price was up 11 3/4 cents at $10.56 1/4. Soymeal futures were $2.10 to $3.20 higher on the day, with Soy Oil futures are 50 to 58 points in the green on the day. The average close for November futures in February has been $10.91 as the base spring price for crop insurance is underway.  

WASDE data from this morning indicated no adjustments to the US ending stocks projection, which was left at 350 mbu. 

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