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Soybeans Falling Back Early on Friday

Commodity FuturesCommodities & Raw MaterialsFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Front-month soybean futures traded down 5 to 8 cents on Friday after slipping back from midday highs; earlier intraday gains ranged from 2.5 to 13.25 cents led by front months. Preliminary open interest increased by 9,786 contracts on Thursday and the March contract is approaching expiration.

Analysis

Front-month soybean futures traded down 5 to 8 cents on Friday after slipping back from midday highs; earlier intraday gains ranged from 2.5 to 13.25 cents led by front months. Preliminary open interest increased by 9,786 contracts on Thursday and the March contract is approaching expiration.

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