The soybean market is falling at midday, with contracts down 9 to 13 cents so far on Tuesday. CmdtyView’s national front month Cash Bean price is down 9 cents at $9.33 ½. Soymeal futures are near unchanged on the day. Soy Oil futures are 141 points lower on the session.
USDA reported a couple private export sales this morning, with 187,000 MT to Spain and 132,000 MT to unknown destinations for 2024/25 shipment of soybeans this morning.
Brazil’s soybean exports are expected to total 1.62 MMT during December according to estimates from ANEC, up slightly from their previous number. The Brazil real has weakened to an all-time low vs. the US dollar.
Jan 25 Soybeans are at $9.73, down 9 cents,
Nearby Cash is at $9.23 1/2, down 9 cents,
Mar 25 Soybeans are at $9.75 1/2, down 10 1/2 cents,
Jul 25 Soybeans are at $9.94 3/4, down 12 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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