Soybean price correction
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Soybeans Correcting Lower on Tuesday
Yahoo Finance· 2025-11-04 18:17
Market Overview - Soybean prices have decreased by 15 to 17 cents across most contracts on Tuesday, with November 25 Soybeans at $11.04 1/2, down 15 1/4 cents [1][3] - Soymeal futures have dropped by $4.70 to $4.90, while Soy Oil futures are lower by 47 to 50 points at midday [1] Deliveries and Cash Prices - A total of 204 deliveries were issued on Friday night, bringing the monthly total to 1,088 [1] - The cmdtyView national average Cash Bean price increased by 16 1/2 cents to $10.40 3/4 [1] Yield Estimates - The US soybean yield is estimated at 53.6 bushels per acre (bpa), reflecting a 0.3 bpa reduction from the previous month [2] - The USDA is expected to release updated data next Friday [2] Import Data - EU soybean imports are estimated at 3.81 million metric tons (MMT) from July 1 to November 2, which is a decrease of 0.78 MMT compared to the same period last year [3]