Soybeans Posting Monday Weakness as USDA Raises Carryout

Soybeans are down 9 to 13 cents so far as trader sift through the USDA report at midday. The cmdtyView national average Cash Bean price is 9 1/4 cents lower at $9.80 1/4. Soymeal futures are down $4.20-4.60, as Soy Oil futures are up 80 to 85 points. There were 33 deliveries issued against soybeans on Friday night, with 2 for January bean meal. USDA’s FGIS tallied soybean export shipments at 1.529 MMT (56.21 mbu) during the week ending on January 8. That was the second largest total this MY, 55.4% larger ...