Soybeans Falling Back on Monday, Despite Export Business

Soybeans are trading with midday weakness of 6 to 8 cents in the front months on Monday. The cmdtyView national average Cash Bean price is down 7 ½ cents at $10.41 1/4. Soymeal futures are  trading with losses of $5.50 to $6.30, with Soy Oil futures up 100 to 107 points on the day. USDA reported a private export sale of 264,000 MT of soybeans to China this morning. More News from Barchart Monday morning’s Export Inspections report showed 1.136 MMT (41.74 mbu) of soybean shipped in the week of 2/5. That ...