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Soybeans Posting Midday Gains Following Bean Oil Rally

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Soybeans are rallying 9 to 11 cents on Tuesday, with bean oil continuing to lead the market higher. The cmdtyView national average cash bean price is up 9 3/4 cents to $11.11 1/4, while soymeal futures are down 30 to 70 cents, indicating mixed product pricing despite strength in the oil-driven complex.

Analysis

Soybeans are rallying 9 to 11 cents on Tuesday, with bean oil continuing to lead the market higher. The cmdtyView national average cash bean price is up 9 3/4 cents to $11.11 1/4, while soymeal futures are down 30 to 70 cents, indicating mixed product pricing despite strength in the oil-driven complex.

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Market Sentiment

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mildly positive

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