Market Overview

USDA Soybean Report Estimate; Soybean Futures Little Lower

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The USDA World Agricultural Supply and Demand Estimates Report (WASD) is due out Wednesday at 12:00 p.m. ET.
The street estimates for U.S. soybean yield is near 51.5 bushels/acre versus 50.6 bushels per acre on USDA September report. Street estimates for ending soybean stocks are near 413 million bushels.

Soybean futures are trading a little lower early Monday morning.

November Soybeans are trading at 953, down 3 3/4 cents/bushel. January Soybeans are trading at 959 1/4, down 3 3/4 cents/bushel. December Soymeal is trading at 300.5,up 0.3 $/ton. December Soybean Oil is trading at 33.18, down 0.13 cents/lb.

Posted-In: USDA Soybean ReportFutures Commodities Markets

 

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