Soybeans Fading USDA Export Sale Confirmation at Wednesday’s Midday

Soybeans are up 2 to 4 cents in Wednesday trade, after earlier double-digit gains faded, while the cmdtyView national average cash bean price rose 2 1/2 cents to $10.77 3/4. Soymeal futures are up 30 to 90 cents, but soy oil is falling another 100 points, indicating mixed crush-product pricing. The update is largely routine market action with modest positive tone for soybeans and meal.

Analysis

Soybeans are up 2 to 4 cents in Wednesday trade, after earlier double-digit gains faded, while the cmdtyView national average cash bean price rose 2 1/2 cents to $10.77 3/4. Soymeal futures are up 30 to 90 cents, but soy oil is falling another 100 points, indicating mixed crush-product pricing. The update is largely routine market action with modest positive tone for soybeans and meal.