Soybeans’ weakness extends to the middle of the day on Tuesday

Soybeans’ weakness extends to Medicoyepianz on Tuesday, drops from 9 to 10 cents so far on Tuesday. The price of the national cash beans CMDTYVIEW decreased 7 cents at $ 10.04 1/2. Soy future contracts are $ 1.30/tons less. Soy oil is traded with midday losses from 133 points.

A report of the provision of crops in the US Weekly Ministry of Agriculture showed us that soybeans would advance by only 3 % in the week ending on Sunday, to 96 % complete, leaving the average of the five years of 97 %. The appearance was at 90 %, as it was medium pace, with 8 % flourishing, an increase of 7 % normal. Traders expected to improve crop conditions, although the data of the US Department of Agriculture showed fixed classifications of 66 % GD/Ex. The BRUGLERER500 index has not changed at 367. There were many transformations by the country, as marginal countries witnessed the largest fluctuations. The assessments were at 5, ia Slipping 6, More 3 points lower, Ne 9 points worse, and ND decreased 12. Conditions in MN and OH are the highest 5 points.

The commitment to merchant data indicated that soybeans were increasing their long position by 33,526 contracts per week ending last Tuesday. As of June 17, a long net was 59165 contracts.

The total Brazilian soybeans for June are expected to reach 14.99 million tons, according to ANC, which rises from the previous estimate 14.36 MMT.

July 25 Soybeans at $ 10.49 1/2, a decrease of 9/4 cents,

Close cash at $ 10.04 1/2, a decrease of 7 cents,

August 25 Soybeans at $ 10.53, a decrease of 9 cents,

November 25 Soybeans at $ 10.37 1/2, a decrease of 9/4 cents,

New crops cash 9.84 dollars 1/4, a decrease of 9 cents,

On the date of publication, Austin Schroeder did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com