Soybeans Pulling off Early Lows but Failing to Bite on Export Business

Soybean futures were down 5-6 cents on Wednesday, though about a nickel above early-session lows. The cmdtyView national average cash soybean price fell 5 cents to $12.52 1/4; soymeal futures gained 80 cents while soy oil declined 13 points. The price action indicates modest near-term pressure in soybeans, with mixed performance across the soy complex.