Soybeans Closes with Marginal Weakness on Wednesday

Soybeans closed down a fraction, slipping 3 cents, while the cmdtyView national average cash soybean price rose 4 1/4 cents to $10.99 1/2. Soymeal futures gained $1.50 (to $2.40) and soybean oil futures fell 100–177 points; crude oil was also noted as closing (article truncated). Overall this is a mixed, routine commodity price update with minimal market-moving implications.

Analysis

Soybeans closed down a fraction, slipping 3 cents, while the cmdtyView national average cash soybean price rose 4 1/4 cents to $10.99 1/2. Soymeal futures gained $1.50 (to $2.40) and soybean oil futures fell 100–177 points; crude oil was also noted as closing (article truncated). Overall this is a mixed, routine commodity price update with minimal market-moving implications.