Soybean Weakness Holding On Friday

Soybeans are down 1 to 2 cents at Friday’s midday, while the cmdtyView national average cash bean price slipped a penny to $10.60 1/2. Soymeal is mixed, off 20 cents to 10 cents higher, and soy oil is 20 to 36 points lower. The update is a routine midday price move with modest bearish pressure across the soy complex.

Analysis

Soybeans are down 1 to 2 cents at Friday’s midday, while the cmdtyView national average cash bean price slipped a penny to $10.60 1/2. Soymeal is mixed, off 20 cents to 10 cents higher, and soy oil is 20 to 36 points lower. The update is a routine midday price move with modest bearish pressure across the soy complex.