Soybeans are posting losses of 6 to 8 cents so far on Wednesday. Soymeal futures are down $5 per ton in the September contracts. Soy Oil contracts futures are up 31 points in September.
A private export sale of 264,000 MT of soybeans were sold to China this morning for 2024/25 shipment.
Canadian canola production was pegged at 19.5 MMT according to Statistics Canada data released this morning. That was up 1.6% from last year and above the 19.2 MMT estimates. Soybean production was tallied at 7.15 MMT, slightly below the 7.2 MMT estimates but up 2.4% above last year.
Sep 24 Soybeans are at $9.60, down 7 1/2 cents,
Nearby Cash is at $9.31 1/2, down 8 1/2 cents,
Nov 24 Soybeans are at $9.80, down 6 1/2 cents,
Mar 25 Soybeans are at $10.11 1/2, down 6 1/4 cents,
New Crop Cash is at $9.22 3/4, down 8 1/4 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.
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