Soybeans are trading 17 to 21 cents lower on Wednesday, with outside pressure from weaker crude oil weighing on prices. The cmdtyView national average cash bean price is down 19 1/2 cents to $11.24 3/4, and 24 deliveries were issued against May beans overnight. Soymeal futures are also lower by $1.90 to $2.70, reinforcing a broadly negative tone across the soy complex.
Soybeans are trading 17 to 21 cents lower on Wednesday, with outside pressure from weaker crude oil weighing on prices. The cmdtyView national average cash bean price is down 19 1/2 cents to $11.24 3/4, and 24 deliveries were issued against May beans overnight. Soymeal futures are also lower by $1.90 to $2.70, reinforcing a broadly negative tone across the soy complex.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.28
