Soybeans are trading with fractional gains on Tuesday, as weakness in the bean oil market adds some pressure. The cmdtyView national average Cash Bean price is up ¼ cent at $9.76 1/4. Soymeal futures are showing slight 40 cent to $1.50 gains. Soy Oil futures are down 172 to 178 points at midday.
A Chinese trade official is heading to D.C. this week for meetings with US trade reps according to a Wall Street Journal report.
