Soybeans Collapse the Limit on Monday, with Uncertainty on China

Soybeans plunged to the daily limit, down $0.60–$0.70 across front months, with expanded limits of $1.05 set for Tuesday indicating elevated volatility. The cmdtyView national average cash bean price fell 70½¢ to $10.80¾, and soymeal futures were down about $5.10 to $11.50 in the front months, signaling sharp selling pressure in the oilseed complex.

Analysis

Soybeans plunged to the daily limit, down $0.60–$0.70 across front months, with expanded limits of $1.05 set for Tuesday indicating elevated volatility. The cmdtyView national average cash bean price fell 70½¢ to $10.80¾, and soymeal futures were down about $5.10 to $11.50 in the front months, signaling sharp selling pressure in the oilseed complex.