Market Overview

Soybeans Little Changed


July Soybeans are trading at 946, down 1/2 of a cent. November Soybeans are trading at 922 3/4, down 1 1/4 of a cents. July Soymeal is trading at 305.3, down 0.3. July Soybean Oil is trading at 34.68, up 0.15.

The USDA reported that Soybean weekly export sales were 477,300 tons. Soymeal exports were 50,900 tons and Soybean Oil exports were 32,700 tons.

Market chatter about the USDA Monthly Crop production report on Wednesday is now fluid and constant. Chatter about less increase in planted area for soybeans is making the rounds. Weather chatter about too much rain continues to bring in some buyers. Overseas chatter about slack nearby demand in China and low soy-meal prices is making the rounds. Market talk that Southern Hemisphere soymeal supplies are ample has some sellers active on rallies.

Posted-In: soybeansFutures Commodities Markets


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