Soybeans posted features of 11 ½ to 14 cents across the board on Tuesday. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $12.01. Soymeal futures were regular to $1.10 larger on the day, with Soy Oil back up 39 to 101 factors.
USDA reported a non-public export sale of 132,000 MT of soybeans to unknown locations this morning.
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Weekly Crop Progress information from NASS confirmed 91% of the US soybean crop setting pods by 8/23, with 6% dropping leaves. Condition rankings were down 1% at 60% gd/ex, with the Brugler500 index falling 4 factors to 357. Ratings in ND were down 19 factors, with OH/SD (-5) IN(-3), IL/MN/MO (-2), and IA (-1) all seeing weaker situations.
Agroconsult estimates the Brazilian soybean acreage at 49.2 million hectares (121.58 million acres), barely above last 12 months.
Sep 26 Soybeans closed at $12.28, up 12 cents,
Nearby Cash was $12.01 1/1, up 13 1/4 cents,
Nov 26 Soybeans closed at $12.37 3/4, up 13 1/2 cents,
Jan 27 Soybeans closed at $12.52 1/4, up 14 cents,
New Crop Cash was $11.80 1/2, up 12 1/2 cents,
On the date of publication, Austin Schroeder did not have (either instantly or not directly) positions in any of the securities talked about in this article. All info and information in this article is solely for informational functions. This article was initially revealed on Barchart.com