Soybeans Coming out of Christmas with Weaker Trade

Soybean futures are coming out of the Christmas holiday, with contracts down 4 to 6 cents at midday. The cmdtyView national average Cash Bean price is 5 3/4 cents higher at $9.86. Soymeal futures are steady, with most contracts 50 cents within unchanged, as Soy Oil futures are down 37 points. 

Reports from the government are pushed back due to the holiday declared for today. The next Export Sales release for the week ending on 12/18 will be out next Wednesday.

USDA has export sale commitments for soybeans at 25.778 MMT, which is down 33% from the same period last year as of 12/11. That is 58% of USDA’s export projection and lagging the 79% average pace.

Jan 26 Soybeans  are at $10.57 1/2, down 5 3/4 cents,

Nearby Cash  is at $9.86, down 5 3/4 cents,

Mar 26 Soybeans  are at $10.71, down 5 1/2 cents,

May 26 Soybeans  are at $10.82 3/4, down 4 3/4 cents,

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. For more information please view the Barchart Disclosure Policy here.