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Soybeans Fading Back Lower on Wednesday Morning
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Soybeans are down 12–15 cents early Wednesday after a Tuesday rally that left nearby futures up 21 to 29 3/4 cents at the close. Open interest jumped 24,979 contracts, pointing to net new buying. The cmdtyView national average cash bean price is up 11 3/4 (per the article), partially offsetting the early futures weakness.
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