Soybeans Holding onto Thursday Gains as USDA Makes Few Major Changes

Soybeans are trading up ~1–3 cents at Thursday midday, with the cmdtyView national average cash bean price up 3.25 cents to $10.97. Soymeal futures are firmer, rising $2.30–$3.50, while soybean oil futures are down about 30–35 points; crude oil is mentioned but the report is incomplete.

Analysis

Soybeans are trading up ~1–3 cents at Thursday midday, with the cmdtyView national average cash bean price up 3.25 cents to $10.97. Soymeal futures are firmer, rising $2.30–$3.50, while soybean oil futures are down about 30–35 points; crude oil is mentioned but the report is incomplete.