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Soybeans Turn Higher into the Tuesday Close
Yahoo Finance· 2025-09-23 21:53
Group 1 - Soybean futures experienced fractional to 3 ½ cent gains, with deferred contracts leading the increase [1] - The national average Cash Bean price rose by 1 ¼ cents to $9.36 3/4 [1] - Soymeal futures decreased by 40 cents to $3.80, while Soy Oil futures increased by 18 to 35 points [1] Group 2 - Crop Progress data indicated a 2% decline in condition ratings, now at 61% good/excellent [2] - The Brugler500 index fell by 4 points to 358, which is 4 points lower than the same week last year [2] - Some states showed improvement, including Illinois (+3), Minnesota (+2), and South Dakota (+1), while others like Indiana and Iowa decreased by 2, Missouri by 4, and Nebraska by 3 [2] Group 3 - Pakistan importers purchased 180,000 MT of soybeans, expected to be of US origin [3] - Following the suspension of Argentina's export tax, China reportedly purchased several cargoes of Argentine beans [3] - Closing prices for November 25 Soybeans were $10.12 (up 1 cent), Nearby Cash at $9.36 3/4 (up 1 1/4 cents), January 26 Soybeans at $10.31 3/4 (up 1 1/4 cents), and March 26 Soybeans at $10.47 3/4 (up 3/4 cent) [3]