Soybeans mostly weak despite fundamental positives – Voice Of Muscatine



Soybeans mostly weak despite fundamental positives

Soybeans were mostly modestly lower on spread trade and profit taking, but with the most active months still seeing week-to-week gains. NOPA member crush numbers were bullish and export demand has improved, but beans were unable to hold onto early gains. For the NOPA, members crushed 189.038 million bushels of soybeans in November, towards the high end of estimates, while soybean oil stocks were 1.214 billion pounds, above all expectations, and increasing for the first time in several months.

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