Soybeans Bouncing Off Early Session Lows at Midday

Soybeans are down 2 to 4 cents in front-month contracts after early weakness, while the national cash bean average fell 3 3/4 cents to $11.23. Soymeal futures are up 70 cents, partly offsetting the soft soy complex tone. Overnight delivery activity was limited, with just one delivery issued above May soybeans.

Analysis

Soybeans are down 2 to 4 cents in front-month contracts after early weakness, while the national cash bean average fell 3 3/4 cents to $11.23. Soymeal futures are up 70 cents, partly offsetting the soft soy complex tone. Overnight delivery activity was limited, with just one delivery issued above May soybeans.