Soybeans are trading with 1 to 3 cent losses so far at midday. November options expire today, with first notice day on the 31st. The cmdtyView national average Cash Bean price is 2 3/4 cents lower at $9.73 3/4. Soymeal futures are up $1 to $1.70 at midday, while Soy Oil futures are down 26 points in the nearbys.
November soybeans have averaged $10.20 in October as part of the harvest price crop discovery. This price remains 17 cents above last year’s harvest price but is down 34 cents from the February base price.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Looking ahead, President Trump and China’s President Xi are expected to meet in South Korea on Thursday, an event that may influence market dynamics.
Current Prices (as of Nov 25):
– Soybeans: $10.42, down 2 3/4 cents
– Nearby Cash: $9.73 3/4, down 2 3/4 cents
– Jan 26 Soybeans: $10.60 3/4, down 1 1/4 cents
– Mar 26 Soybeans: $10.73 1/2, down 1 3/4 cents
Disclaimer: On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data provided are solely for informational purposes. For more details, please view the Barchart Disclosure Policy.
More news from Barchart:
– How Much Higher Can Wheat Prices Go Now?
– China May Not Be Buying U.S. Soybeans, But Soybean Meal Is a Value Buy for Traders Here
– Grains in Q3 – Can the Price Weakness Continue?
– As the Harvest Reaches a Halfway Point, Corn Is Heading Into a ‘Buy’ Zone
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
https://www.nasdaq.com/articles/soybeans-slipping-fridays-midday
