Soybeans are trading with midweek losses of 5 to 13 cents across the nearbys on Wednesday CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal futures were $3.40/ton higher on the session. Soy Oil were back down 114 points on the session.
Late on Tuesday, President Trump followed the Mexico and Canada tariff threat with a February 1 start date for potential 10% tariffs on China and the EU. Overnight, China has halted soybean imports from 5 Brazilian firms citing phytosanitary requirements.
S&P Global estimates the 2025 corn acreage to total 83.3 million acres, a 700,000 acre decrease from the previous estimate in December.
Mar 25 Soybeans are at $10.54 1/4, down 13 cents,
Nearby Cash is at $9.94 3/4, down 13 1/4 cents,
May 25 Soybeans are at $10.66 1/2, down 11 1/4 cents,
Nov 25 Soybeans are at $10.44 1/2, down 5 1/4 cents,
New Crop Cash is at $9.79 1/4, down 5 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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