Soybeans Ignore USDA Drop in Ratings, as Futures Slide Early on Tuesday

Soybeans are showing 2 to 5 cent losses so far on Tuesday AM trade. Futures rounded out Monday trade with contracts 10 ¼ to 17 ½ cents in the red. July futures had 31 delivery notices on first notice day. The cmdtyView national average Cash Bean price was down 16 1/2 cents at $10.63. Soymeal futures were down 40 cents to $2.30, with Soy Oil futures down 1 to 96 points, as July fell 223 points. There were no deliveries against July soybean meal, with 729 deliveries against July bean oil.

USDA reported a private export sale of 136,000 MT of soybeans to unknown destinations on Monday morning

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Crop Progress data from NASS showed 96% of the US soybean crop emerged by 6/28, up 1% from normal, with 19% emerged and 4 percentage points faster than normal. The crop was also reported at 4% setting pods. Condition ratings were down 1% at 65% gd/ex, with the Brugler500 index falling 4 points to 365.

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Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/commodities/articles/soybeans-ignore-usda-drop-ratings-123056486.html)