Market Overview

Soybean Futures Little Higher

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May Soybeans are trading 1024 1/2, up 2 1/2 cents/bushel. November Soybeans are trading at 1006 3/4, up
1/2 of a cent/bushel. May Soymeal is trading at 336.7, up 1.1 $/ton. May Soybean Oil is trading at 32.76, up 0.13 cents/lb.

Soybeans futures are trading a little higher early Tuesday, chatter about Brazil's soybean harvest and global demand for soybeans is making the rounds.

Brazil's soybean harvest is around at 34.3 percent done versus the average of around 26 percent at this time of year.

The USDA reported on Monday that soybean export inspections as of February 23rd are now 77.8 percent of the agency forecast versus the five year average of 79.1 percent.

Posted-In: Soybean futuresFutures Commodities Markets

 

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