Soybeans Gains Holding on Monday’s Midday

Soybeans are up 5 to 7 cents at midday, with the cmdtyView national average cash bean price rising 6 1/4 cents to $11.47 3/4. Soymeal futures are higher by $5.10 to $6.20, while soy oil futures are 20 to 75 points lower. The market is also seeing another 250 deliveries against May beans, indicating active futures flows rather than a major fundamental shift.

Analysis

Soybeans are up 5 to 7 cents at midday, with the cmdtyView national average cash bean price rising 6 1/4 cents to $11.47 3/4. Soymeal futures are higher by $5.10 to $6.20, while soy oil futures are 20 to 75 points lower. The market is also seeing another 250 deliveries against May beans, indicating active futures flows rather than a major fundamental shift.