
The soybean market is showing a slight bounced back trade on Tuesday morning, up 1 to 2 cents. Soybeans closed out the Monday session steady to 5 cents lower across the board. CmdtyView’s national front month Cash Bean price was down 5 cents at $9.18 ¼. Soymeal futures were back down $2.40 to $5.00/ton. Soy Oil futures were up 60 to 78 points on the session. The markets will be closed on Wednesday, in observance of Christmas, with an early closed today.
USDA reported a private export sale of 132,000 MT of soybeans to China yesterday morning for 2024/25 shipment.
Monday morning’s Export Inspections report showed a total of 1.747 MMT (64.2 mbu) of soybeans shipped in the week that ended on Thursday December 19. That was up 56.1% from the same week last year and up just 3% from last week. China continues to be the largest destination, this week of 682,683 MT, with 196,641 MT headed to Mexico. On the marketing year, shipments to all destinations are 26.998 MMT (992 mbu), which is a 21.1% increase from last year.
Jan 25 Soybeans closed at $9.69 1/2, down 5 cents, currently up 2 cents
Nearby Cash was $9.18 1/4, down 5 cents,
Mar 25 Soybeans closed at $9.75 1/2, down 3 3/4 cents, currently up 2 cents
Jul 25 Soybeans closed at $9.93 3/4, down 4 1/4 cents, currently up 1 3/4 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.