Soybeans Collapse into the End of the Year

Soybeans fell to pressure on the New Years Eve session, with contracts down 13 to 16 cents at the close. There were 1,062 deliveries issued against January beans on FND. The cmdtyView national average Cash Bean price as 15 ¼ cents lower at $9.64 3/4. Soymeal futures were $1.50 to $2.90/ton lower, with Soy Oil futures down 77 to 88 points on the day. There were no deliveries for January soy meal, with 7 issued for Jan bean oil. The market will be closed on Thursday for New Years Day, with a hard open at 8:30 am CST on Friday….