Soybeans Rally as Bean Oil Prices Rise on Tuesday
Soybeans experienced a rally on Tuesday, driven by rising bean oil prices, with the national average cash bean price increasing by 9 1/4 cents to $11.11 3/4. The D4 Rin values, which support the bean oil market through increased renewable demand, reached their highest levels since late 2022. The US soybean crop planting progress was ahead of the five-year average.
Topics: bean oil commodity prices crop progress soybeans weather impact