Soybean Prices Decline Amid Strong Planting Progress and Increased Production Estimates
Soybean prices fell on Tuesday as contracts dropped 3 to 6 ½ cents across most months, with the national average cash bean price down to $10.91 1/4. Strong planting progress in the U.S. and increased production estimates from Brazil contributed to the decline. The NOPA data release on Wednesday is expected to provide further insight into soybean crush levels.
Topics: Commodity Prices Crop Progress Market Analysis Soybeans