Midday Soy Complex Trades Mixed
Related Stocks
 ZSK24 - Soybean
SymLastChgPct
ZSK241184-6-7-6-0.65%
ZSN241198-6-7-6-0.64%
ZSPAUS.CM11.2740-0.0778-0.69%
ZSX211234-0s+21-6+1.79%
ZSPX21US.CM12.3270+0.2300+1.90%

New week trading has front month soybean futures 4 to 8 cents higher, but new crop contracts are fractionally mixed. Soymeal futures are up $4.30 to $5.40 so far. BO futures are trading 13 to 15 points in the red at midday.

USDA’s Export Inspections report showed last week’s soybean shipments were 518,789 MT. That was down from 595k LW but above 495k MT from the same week last season. Accumulated bean exports are 53.12 MMT according to weekly data.

The monthly soy crush report from NOPA members showed 155.158 mbu of soybeans were processed in Feb. That was the lowest crush for any month since September of 2019, and was 13.45 mbu below the average pre report estimate. February did have fewer crush days to work with and could have been afflicted by the cold snap. Soybean oil stocks were also below estimates with 1.757 billion lbs of inventory.

May 21 Soybeans  are at $14.20 3/4, up 7 1/2 cents,

Jul 21 Soybeans  are at $14.10 3/4, up 8 1/4 cents,

Nearby Cash(cmdtyView)  is at $13.87, up 8 cents,

Nov 21 Soybeans  are at $12.43 3/4, unch,

New Crop Cash(cmdtyView)  is at $11.92 1/2, down 1/8 cent,




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