Soybeans Lengthen Greater on Tuesday
The soybean market closed out the Tuesday session with contracts 4 to eight cents greater. The cmdtyView Money Bean value was up 4 ½ cents to $10.25. Soymeal futures had been up $1.40 to $3.20/ton. Soy Oil noticed a slight pullback, with losses of 9 to 32 factors within the nearbys.
The USDA reported a non-public export sale of 120,000 MT of 2025/26 soybean meal to unknown locations this morning.
The weekly USDA crop progress report confirmed a 2% drop in soybean situations to 66% gd/ex. The Brugler500 index dropped 5 factors to 367. Enchancment was famous in NE (4), with SD (+3), NC and TN additionally greater. Rankings dropped in IL and IA (-1), with IN, MO, and ND all 3 factors decrease.
EU Soybean imports are tallied at 13.58 MMT as of June 15 (since July 1), which is up from the 12.65 MMT in the identical interval final 12 months. Brazilian soybean exports are projected to whole 14.37 MMT in June, above the 14.08 MMT estimate from final week.
Jul 25 Soybeans closed at $10.74, up 4 1/4 cents,
Close by Money was $10.25 1/1, up 4 1/2 cents,
Aug 25 Soybeans closed at $10.76 1/4, up 4 1/2 cents,
Nov 25 Soybeans closed at $10.67 3/4, up 7 1/4 cents,
New Crop Money was $10.14 3/4, up 8 1/4 cents,
On the date of publication, Austin Schroeder didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. This text was initially printed on Barchart.com
