Soybeans are posting 5 to eight cent losses throughout the close by contracts on Wednesday. The cmdtyView nationwide common Money Bean worth is down 8 cents at $9.73. Soymeal futures have been down $1.20/ton, as Soy Oil is 56 to 73 factors. One other 139 deliveries have been issued in opposition to July meal futures in a single day, taking the whole to 4,047 for the month.
Forward of the Friday USDA stories, analysts expect to see the a ten mbu enhance within the outdated crop bean shares to 360 mbu. As for brand new crop, the Bloomberg survey confirmed merchants in search of a 7 mbu discount to output on the slight drop in acres to 4.333 bbu. Ending shares for 2025/26 are estimated at 302 mbu, a 7 mbu enhance vs. June.
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The Central Corn Belt is predicted to obtain 1 to three inches of rain this week, with the western half of the Plains and elements of the ECB seeing lighter/spottier totals.
Jul 25 Soybeans are at $10.18 1/2, down 5 3/4 cents,
Close by Money is at $9.73, down 8 cents,
Aug 25 Soybeans are at $10.13 1/2, down 7 3/4 cents,
Nov 25 Soybeans are at $10.10 1/2, down 7 cents,
New Crop Money is at $9.62 1/2, down 7 1/4 cents,
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