Soybeans are trading with fractional gains at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 1/2 cents at $10.65 ¾. Soymeal futures are up $1.60 to $2.30, with Soy Oil futures back down 30 to 52 points.
Crop Progress data from NASS showed 93% of the US soybean crop emerged by 6/21, up 3% from normal, with 9% blooming and 3 percentage points faster than normal. Condition ratings were steady at 66% gd/ex, with the Brugler500 index up 1 point to 369. Ratings dropped 2 points in IL, with IA down 7, MN slipping 6 points, MI losing 2, ND down 8, and SD losing 3 points. Improvement was noted in IN up 20, with NE 12 points higher, OH up 4 points, with a few other fringe states seeing improved ratings.
