Soybeans Face Monday Weakness

Soybeans traded lower for much of Monday, with contracts down fractionally to 5 3/4 cents and the cmdtyView national average cash bean price off 5 3/4 cents at $10.57 1/2. Soymeal futures fell 20 cents in the front months, while soy oil futures were also lower. The piece reflects routine weakness in agricultural commodity prices rather than a major fundamental shift.

Analysis

Soybeans traded lower for much of Monday, with contracts down fractionally to 5 3/4 cents and the cmdtyView national average cash bean price off 5 3/4 cents at $10.57 1/2. Soymeal futures fell 20 cents in the front months, while soy oil futures were also lower. The piece reflects routine weakness in agricultural commodity prices rather than a major fundamental shift.