Soybeans Falling at Tuesday’s Midday

Austin Schroeder Barchart Tue Oct 29, 12:04PM CDT
Soybean milk via Shutterstock

Soybeans are facing some continued weakness on Tuesday, with contracts steady to 4 cents lower so far on the day. CmdtyView’s national front month Cash Bean price is down 2 1/4 cents at $9.16.  Soymeal futures are down $3/ton in the nearby Dec on the day. Soy Oil is seeing some recovery, with 28 point gains in Dec.

Crop Progress data indicated the US soybean harvest at 89% complete by Sunday, 11% ahead of the 5-year average pace of 78%.

Brazil’s soybean exports for October are expected to total 4.58 MMT according to ANEC estimates, down 0.05 MMT from last week’s number and below the 5.53 MMT from last year.

Nov 24 Soybeans  are at $9.70 1/4, down 3 3/4 cents,

Nearby Cash  is at $9.16, down 2 3/4 cents,

Jan 25 Soybeans  are at $9.83 3/4, down 2 1/4 cents,

May 25 Soybeans  are at $10.13 3/4, unch,


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.