Soybeans Posting Early Wednesday Strength
Soybeans experienced early trading gains on Wednesday, with futures posting increases of 11 ½ to 14 cents from the previous day. The cmdtyView national average Cash Bean price rose 13 ¼ cents to $12.01. Soymeal futures remained stable to $1.10 higher, while Soy Oil climbed 39 to 101 points. The USDA reported a private export sale of 132,000 metric tons of soybeans to undisclosed locations on Monday.
Coffee prices initially surged before retracting as Brazil's coffee warehouses filled. New crop Cash was $11.80 ½, up 12 ½ cents. The latest information, as of the article's publication, indicated that Barchart.com's Austin Schroeder had no positions in any of the mentioned securities.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
