Soybeans Popping Higher Early on Wednesday

Soybeans are showing 3 to 5 cent gains so far on Wednesday AM trade. Futures were pressured into the Tuesday close, with contracts down 2 3/4 to 8 ½ cents across the board. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.78 1/2. Soymeal futures were down $2.00 to $4.20, with Soy Oil futures up 15 to 45 points. Crude oil finished the day with late pressure, as reports surfaced of a potential 1-month ceasefire on the Middle East conflict. Iran has reportedly rejected the negotiatio ...