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Soybeans Ease Lower on Thursday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Soybeans fell 1 to 5.25 cents across most contracts on Thursday, although the May contract was up 4.25 cents for the week. The cmdtyView national average cash soybean price dropped 5.5 cents to $10.94. Soymeal futures weakened roughly $3.00–$4.20, with nearby contracts also showing losses.

Analysis

Soybeans fell 1 to 5.25 cents across most contracts on Thursday, although the May contract was up 4.25 cents for the week. The cmdtyView national average cash soybean price dropped 5.5 cents to $10.94. Soymeal futures weakened roughly $3.00–$4.20, with nearby contracts also showing losses.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.12