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Soybean trading saw losses of 2 to 4 cents on Wednesday, with November contracts attempting to hold the $10 mark at $9.99 1/4. The cmdtyView national average cash bean price is reported at $9.20 ¼, down 4 ¾ cents, reflecting a continued lack of export business as the market heads into the peak of the soybean export season.
Soymeal futures decreased by $1.90 to $3.70/ton, while Soy Oil futures increased by 60 to 64 points. Analysts estimate that the August soybean crush will total 196.4 million bushels, with the Fats & Oils report expected later today, though it is delayed due to the government shutdown.
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