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NASS reported 94% of the soy crop was blooming as of 8/13, 2% points ahead of the average development. The Crop Progress report had 78% setting pods, from 66% last week and 75% on average. Soybean conditions scored a 355 on the Brugler500 Index, a remarkable 10-point improvement to match the long term average. Missouri is still the worst ranked of the 18 states at a 309 on the Index, according to Total Farm Marketing.
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“Bean spreads firmed while product spreads weakened. For now, May ’26 beans rejected trade below its 50-day MA,” Soderberg said. “Support for …
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