Soybeans Popping Higher on Tuesday Morning with Bean Oil leading the Charge

Soybeans are trading with 7 to 9 cent gains on Tuesday AM trade. Futures saw weaker trade on Monday with contracts closing 4 to 5 cents lower in the nearbys. Open interest was down just 225 contracts on Monday. The cmdtyView national average Cash Bean price was 1 3/4 cents lower at $9.96 3/4. Soymeal futures were 20 to 90 cents higher, with Soy Oil futures were down 30 to 37 points at the close. Bean oil is up 138 points this morning. USDA’s FGIS tallied soybean export shipments at 1.31 MMT (48.15 mbu) d ...