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Soybeans Posts Friday Strength as USDA Shows Better Than Expected Report

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Soybeans closed Friday slightly higher, with some deferred contracts up as much as 16 3/4 cents and the weekly move led by September, up 55 1/2 cents. The cmdtyView national average cash bean price was up 13 3/4 cents to $11.45 3/4, suggesting modest upward momentum into next week.

Analysis

Soybeans closed Friday slightly higher, with some deferred contracts up as much as 16 3/4 cents and the weekly move led by September, up 55 1/2 cents. The cmdtyView national average cash bean price was up 13 3/4 cents to $11.45 3/4, suggesting modest upward momentum into next week.

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Market Sentiment

Overall Sentiment

mildly positive

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0.15