Market Overview

Soybean Futures Trading Lower

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November Soybeans are trading at 947 3/4, down 4 3/4 cents/bushel. January Soybeans are trading at 953 1/4 , down 5 1/2 cents/bushel. December Soymeal is trading at 299.5, down 0.1 $/ton. December Soybean Oil is trading at 32.84, down 0.50 cents/lb.

Soybean futures are trading near the session lows after Tuesday's choppy back and forth trading session.

U.S. exporters announced the sale of 120,000 tonnes to China on Tuesday.

Market chatter about various street estimates for the U.S. soybean yield is ongoing.

The USDA quarterly grain stocks report is scheduled for release Friday at 12:00 p.m. ET.

Posted-In: Soybean futuresFutures Commodities Markets

 

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