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Soybeans Posting Midday Gains Despite Larger Stocks, More Acres and Product Weakness

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Soybean prices are higher after USDA report positioning, with Tuesday’s gains of 4–7 cents at midday. July futures saw 31 delivery notices on the first notice day, supporting nearby demand signals, while the cmdtyView national average cash bean price rose 4 3/4 cents to $10.67.

Analysis

Soybean prices are higher after USDA report positioning, with Tuesday’s gains of 4–7 cents at midday. July futures saw 31 delivery notices on the first notice day, supporting nearby demand signals, while the cmdtyView national average cash bean price rose 4 3/4 cents to $10.67.

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