Soybeans Post Late Session Gains on Tuesday
Soybeans Post Late Session Gains on Tuesday.
Soybeans found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32 to 83 points higher.
USDA reported a private export sale of 105,000 MT of soybean meal to Colombia for the current marketing year this morning.
Behind the Grain Rally: Real Commercial Demand or Just Headline Noise?
Crop Progress data from NASS showed 34% of the US soybean crop blooming by 7/5, up 6% from normal, with 9% setting pods and 3 percentage points faster than normal. Condition ratings were down 1% at 64% gd/ex, with the Brugler500 index steady at 365. Deterioration was seen in ND (-9), OH (-8), IN (-1) and other fringe states, with improvement in MO (+7), SD (+6), MN (+4), IL (+3), and NE/MI (+1).
Monthly export data from Census showed 2.57 MMT (94.42 mbu) of soybeans shipped in May, which was 72.46% above last year but down 14.35% from last year. That was the second largest May on record. Soybean meal exports were a record at 1.572 MMT in May, slightly below April but 19.47% above 2025.
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Sinergia Empresarial continuará el seguimiento de esta información sobre soybeans Post Late Session Gains on Tuesday y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
