Soybeans Round Out June with Gains Despite Larger Stocks and More Acres

Soybeans closed higher Tuesday with contracts up 4 3/4 to 12 1/2 cents, and the cmdtyView national average Cash Bean price rising 7 3/4 cents to $10.70. Soymeal futures were steady to $2.10 higher, while soy oil futures declined 33 to 233 points, indicating mixed performance across the complex.

Analysis

Soybeans closed higher Tuesday with contracts up 4 3/4 to 12 1/2 cents, and the cmdtyView national average Cash Bean price rising 7 3/4 cents to $10.70. Soymeal futures were steady to $2.10 higher, while soy oil futures declined 33 to 233 points, indicating mixed performance across the complex.