Market Overview

Soybean Futures Move Up

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January Soybeans are trading at 1008 1/2, up 10 cents/bushel. December Soymeal is trading at 313.8, up 1.9 $/ton. December Soybean Oil is trading at 35.44, up 0.65 cents/lb.

Soybean futures are trading near the session highs. Trading is modestly choppy.

The weekly USDA soybean harvest report showed 93 percent complete versus 87 percent last week and 94 percent a year ago. The ten year average at this time of year is 90 percent.

The USDA reported on Monday that export inspections for soybeans as of November 3rd are now 29.5 percent of the USDA forecast versus the five year average of 27.4 percent.

The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is scheduled for release Wednesday at 12:00 p.m. ET.

Posted-In: Soybean futuresFutures Commodities Markets

 

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