Soybean prices are slightly lower on Tuesday, with Cash Bean prices at $10.57 1/2. Soymeal futures are down $1.30 to $1.80, while Soy Oil futures are 23 to 27 points higher. The European Commission reports a 0.78 MMT drop in EU soybean imports from July to November compared to last year. Jan 26 Soybeans are at $11.26 3/4, down 1 1/4 cents.
Last week saw limited Chinese buying, but USDA flash sale announcements have been quiet. Nearby Cash prices are down 3/4 cent, with Mar 26 Soybeans down 1 cent and May 26 Soybeans down 1/2 cent. No deliveries against December soybean meal were issued overnight, while 123 were for bean oil.
Read more at Yahoo Finance: Soybeans Showing Slight Weakness on Tuesday
