Soybean Prices Plummet Amid Weaker Products and Improved Forecast

Soybean prices continued their slide on Tuesday morning, with losses ranging from 3 to 5.5 cents so far.

Futures fell 18.75 to 40.5 cents across the board on Monday, driven by weaker products and an improving forecast.

The cmdtyView national average Cash Bean price was 39.5 cents lower at $11.74.25, while Soymeal futures were down $5.50 to $11.10 and Soy Oil futures fell 104 to 287 points.

Crude oil prices also declined, dropping by $7.40, which added pressure on soybean markets.