Soybeans Mixed on Wednesday, as NOPA Reports Record Crush

Austin Schroeder Barchart Wed Jan 15, 12:09PM CST
Soybean pods on plant by Mailson Pignata via iStock

Soybeans are posting higher midday trade in the nearbys, with new crop November down 3 ½ cents. CmdtyView’s national front month Cash Bean price is up 2 cents at $9.90. Soymeal futures are $3.50/ton lower on the day. Soy Oil futures are 10 points higher so far on the session. There were 17 deliveries issued against January soybeans overnight, with 35 for January meal and 82 for bean oil.

NOPA crush data from this morning showed December crush totaling 206.6 mbu, more than 1 mbu above estimates. That was an increase of 6.96% from last month, 5.77% larger than December 2023 and an all-time record for any month. Bean oil stocks were tallied at 1.24 billion lbs, the largest in 5 months but still 9.11% below the end of 2023.

Mar 25 Soybeans  are at $10.49 1/2, up 2 cents,

Nearby Cash  is at $9.90, up 2 cents,

May 25 Soybeans  are at $10.63, up 1 3/4 cents,

Nov 25 Soybeans  are at $10.46, down 3 1/2 cents,

New Crop Cash  is at $9.81, down 3 cents,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.