Soybeans Spike Higher, Fade All Morning
From Yahoo Finance: 2025-06-20 13:02:00
Soybean prices fluctuate, with July beans hitting highest price since May but facing pressure during the day. Open interest up 6,070 contracts with July down 9,391 and November up 11,509. Soymeal futures steady to higher, while soy oil sees profit-taking. Weather outlook predicts heavy rains and heat in Corn Belt.
Export Sales report shows soybean sales exceeding expectations, with old crop sales at a 14-week high. New crop sales also strong. Soybean meal sales on the lower side, while soybean oil sales weaker than estimated. Chinese soybean imports from Brazil higher, US imports also up.
Soybean prices show fluctuations, with nearby cash and new crop cash down. Market conditions remain volatile. This information is solely for informational purposes.
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